Supplier News
US – IGT helps push 1.2 per cent increase in AGEM Index
By Phil - 6 January 2022
In December 2021, the AGEM Index improved by 11.39 points to 971.59, marking a 1.2 per cent increase from the prior month. Compared to one year ago, the index increased by 284.47 points for an annual growth rate of 41.4 per cent. In the latest period, seven of the AGEM Index companies reported stock price increases.
This ultimately led to eight companies posting positive contributions and four companies recording negative contributions to the overall index.
The top contributor to the monthly index was International Game Technology, whose seven per cent increase in stock price led to a 7.98-point gain for the index. Scientific Games Corporation was also a significant contributor to the overall growth in the index, adding 5.65 points as a result of its 4.6 per cent rise in stock price. The largest negative contributor to the index was Konami Corporation, whose five per cent drop in stock price led to an 8.48-point decrease in the AGEM Index.
All three major US stock indices increased over the month, with the Dow Jones Industrial Average and the S&P 500 experiencing increases of 5.4 per cent and 4.4 per cent, respectively. Meanwhile, the NASDAQ experienced a 0.8 percent increase.
