Supplier News
US – Third month of increase for AGEM index
By Phil - 18 October 2013
September 2013 saw the AGEM Index report a month-to-month increase for the third consecutive month.
The index reached a composite score of 186.32, up 6.02 points, up 3.3 per cent, from August of 2013 and represented the seventh month this year that the index witnessed month-to-month gains. Compared to a year ago, the AGEM Index is up 57.48 points, or 44.6 per cent. During the month, 12 of the 18 global gaming operators reported month-to-month increases in stock price, with six up by more than five per cent. Of the six operators that witnessed declines in stock price in September, half fell by less than one per cent.
The AGEM Index reported slightly better results than the Dow Jones Industrial Average (DJIA) and S&P 500 in September. The DJIA ended the month at 15,129.67, up 2.2 per cent from the prior month. The S&P 500 increased three per cent to 1,681.55. Meanwhile, NASDAQ performed better than the AGEM Index, ending the month at 3,771.48, up 5.1 per cent from August.
Selected positive contributors to the September 2013 AGEM Index included Crane, who with a stock price of $61.67, up 7.4 per cent, contributed 1.59 points. Konami reported a stock price of $23.18, up 5.8 per cent, and contributed 1.17 points to the index. Due to a 13.2 per cent increase in stock price to $16.17, Scientific Games Corporation contributed 1.09 points.
