The AGEM Index, a monthly stock performance guide comprising nine global gaming suppliers, rose by 54.38 points to 1,578.22 in May, representing a 3.6% increase from the prior month. Compared to one year ago, the index declined by 9.4%, or 162.96 points, according to information from the Association of Gaming Equipment Manufacturers, which compiles the index.
During the latest month, seven of the nine AGEM Index companies reported stock price increases, which resulted in six positive contributions and three negative contributions to the index.
The largest positive contributor to the monthly index was Aristocrat Leisure Limited, whose 6.0% increase in stock price led to a 37.65-point gain to the index. Meanwhile, Agilysys saw its stock price increase by 35.1%, leading to a 26.28-point increase for the index.
The largest negative contributor to the index was Konami Corp, whose 0.2% increase in stock price coupled with a weakened Japanese Yen exchange rate resulted in a 6.56-point loss to the AGEM Index.
In May, all the three major US stock indices increased from the prior month. The NASDAQ rose by 8.4% over the month, while the S&P 500 experienced a 5.1% gain. Meanwhile, the Dow Jones Industrial Average improved by 2.8% from the prior month, AGEM said.
RelatedPosts
