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AGEM Index up 14.4 percent monthly in October

The AGEM Index increased by 106.87 points in October 2022 to 846.64, a 14.4 percent improvement from the prior month. Compared to one year ago, the index was down 231.28 points, or 21.5 percent.

The latest period marked the first month-over-month increase following a two consecutive month skid. During the latest month, nine of the 12 AGEM Index companies reported stock price increases, resulting in nine positive contributions to the AGEM Index and three negative contributions.

The largest positive contributor to the monthly index was Aristocrat Leisure Limited (ASX: ALL), whose 12.6 percent increase in stock price led to a 35.62-point gain to the index. Light & Wonder Inc. (Nasdaq: LNW) contributed a 29.78-point increase to the index as the result of a 30.9 percent increase in its stock price.

The largest negative contribution to the index was sourced to Konami Corp. (TYO: 9766), whose 2.3 percent decrease in stock price resulted in a 5.20-point loss for the AGEM Index.

All three major U.S. stock indices saw month-over-month increases in October 2022. The Dow Jones Industrial Average increased by 13.9 percent from September, while the S&P 500 grew by 8.0 percent. Meanwhile, the NASDAQ rose 3.9 percent over the month.

AGBrief Editorial
AGBrief Editorial
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.



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