Supplier News
US – IGT helps drive 2.9 per cent increase in AGEM Index
By Phil - 9 March 2022
In February 2022, the AGEM Index improved by 27.08 points to 952.95, marking a 2.9 per cent increase from January. Compared to one year ago, the index added 201.16 points for an annual growth rate of 26.8 per cent.
During the latest reporting period, nine of the AGEM Index companies reported stock price increases, with three posting a decline. As a result, eight companies posted positive contributions to the index, while one posted no change and the remaining three companies had negative contributions.
The top contributor to the monthly index was International Game Technology, whose 14.4 per cent increase in stock price led to a 17.29-point gain for the index. Scientific Games Corporation reported a 10.51-point contribution to the index as a result of a 9.1 per cent increase in overall stock price. The largest negative contribution to the index was sourced to Aristocrat Leisure Limited, whose 7.6 per cent drop in stock price resulted in a 17.49-point decrease in the AGEM Index.
In the latest reporting period, all three major U.S. stock indices declined once again. The S&P 500 declined 3.1 percent, while the NASDAQ fell by 3.4 percent. The Dow Jones Industrial Average experienced the largest dip among major U.S. stock indices with a 3.6 percent decline in February 2022
