Supplier News
US – IGT and Light & Wonder help drive seven per cent increase for AGEM Index
By Phil - 8 December 2022
The AGEM Index increased by 59.31 points in November 2022 to 905.95, a seven per cent improvement from the prior month.
Compared to one year ago, the index was down 54.24 points, or 5.6 per cent. During the latest month, eight of the 12 AGEM Index companies reported stock price increases, resulting in 10 positive contributions to the AGEM Index and two negative contributions.
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The largest positive contribution to the monthly index was sourced to International Game Technology, whose 22.4 per cent increase in stock price led to a 21.62-point gain to the index. Meanwhile, Light & Wonder observed a 15.4 per cent increase in stock price and an 18.32-point increase to the index. The largest negative contribution to the index was sourced to Everi Holdings, whose 11.9 per cent decrease in stock price resulted in a 3.50-point loss for the AGEM Index.
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All three major US.stock indices saw month-over-month increases in November 2022, marking the second consecutive month across-the-board increases. The Dow Jones Industrial Average increased by 5.7 percent from October, while the S&P 500 grew by 5.4 percent. Meanwhile, the NASDAQ rose 4.4 percent over the month.
