US – April falls for AGEM IndexBy Phil - 13 May 2014
In April 2014, the AGEM Index reported a month-to-month decline for the second consecutive month. The composite index score of 181.49 during the month was down 5.20 points, down 2.8 per cent compared to March 2014.
The AGEM Index has now reported monthly declines in three of the first four months of the year. However, compared to a year ago, it remains up 22.04 points, up 13.8 per cent. In April, 13 of the 16 global gaming equipment manufacturers reported a decline in stock price, with nine companies witnessing a decline of more than five percent. Ainsworth Game Technology was the only company to report a substantial month-to-month gain in stock price during the month.
The broader stock markets reported mixed results in April 2014. NASDAQ ended the month with a closing value of 4,114.56, which was down two per cent from March 2014. Meanwhile, the S&P 500 and Dow Jones Industrial Average reported modest month-to-month gains during the period. The S&P 500 ended the month at 1,883.95, which represented an increase of 0.6 per cent. Meanwhile, the DJIA reported a 0.7 percent increase, rising from 16,457.66 to 16,580.84.
Ainsworth Game Technology reported a stock price of AU$4.15, up 14 per cent and contributed 1.35 points. With a 2.2 per cent increase in stock price to $72.73, Crane contributed 0.69 points. International Game Technology contributed negative 2.41 points, due to its 10.7 per cent decline in stock price to $12.55. Due to its stock price of €21.14, down 4.1 per cent, GTech contributed a negative 1.12 points. Aristocrat Technologies reported a stock price of AU$5.03, down 6.5 per cent and contributed negative 1.07 points.