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AGEM Index up 11.4% from May

In May 2024, the AGEM Index surged by 126.56 points, reaching 1,235.62—an impressive 11.4 percent leap from the previous month.

AGEM Index up 11.4% from May

Compared to the same period last year, the index soared by 278.64 points, marking a substantial 29.1 percent increase. Among the 12 AGEM Index companies, eight reported stock price hikes during the month, contributing positively to the index, while three recorded declines.

Aristocrat Leisure Limited emerged as the primary positive influencer, with its stock price climbing by 12.6 percent, propelling a remarkable 67.53-point gain for the index. Likewise, Konami Corp. experienced a notable surge of 14.8 percent in its stock price, resulting in a significant 32.43-point increase in the index.

Conversely, Everi Holdings Inc. faced a setback with an 11.5 percent decrease in its stock price, leading to a modest 1.59-point deduction from the AGEM Index. Notably, International Game Technology PLC (IGT) observed no fluctuations in its stock price during the period, thus exerting no influence on the index.

Meanwhile, in the broader market context, all three major U.S. stock indices witnessed gains compared to the previous month. The NASDAQ surged by 6.9 percent, the S&P 500 rose by 4.8 percent, and the Dow Jones Industrial Average increased by 2.3 percent, indicating a positive trend across the board.

Frank Schuengel
Frank Schuengel
Frank Schuengel is an online gambling industry veteran with over twenty years of experience in Europe and Asia. Equally at home in the Isle of Man and the Philippines, he started his career as a sports trader before setting up and running whole operations, and more recently focusing on the regulatory and licensing side of things in the worlds of fiat and crypto eGaming. When he is not writing about gambling topics, he can be found cycling around Manila and advocating sustainable transport solutions for a Philippines based mobility magazine.



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