Supplier News
US – Konami helps drive 4.1 per cent increase in AGEM Index
By Phil - 15 August 2023
The AGEM Index increased by 43.40 points in July 2023 to 1,094.16, a 4.1 per cent increase from the prior month. Compared to one year ago, the index was up 230.33 points, or 26.7 per cent.
During the latest month, 10 of the 12 AGEM Index companies reported stock price increases, which resulted in 10 positive contributions and two negative contributions to the AGEM Index.
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The largest positive contribution to the monthly index was sourced to Konami Corp., whose six per cent increase in stock price led to a 13.06-point gain to the index. Meanwhile, Aristocrat Leisure Limited saw its stock price increase by 1.6 per cent, leading to a 9.67-point gain for the index. The largest negative contribution to the index was sourced to Inspired Entertainment, whose 14.4 per cent decrease in stock price resulted in a 1.10-point loss for the AGEM Index.
The three major US stock indices all experienced growth in July 2023. The NASDAQ increased by four per cent over the month, while the Dow Jones Industrial Average grew by 3.4 per cent. Meanwhile, the S&P 500 increased by 3.1 per cent from the prior month.
