HomeNewsElsewhereAGEM Index down by 10.7% monthly in February

AGEM Index down by 10.7% monthly in February

The Association of Gaming Equipment Manufacturers (AGEM) Index fell by 10.7 percent in February compared with the prior month, dropping 8.9 percent year-on-year.

During the month, eight of the nine AGEM Index companies reported stock price decreases, which resulted in eight negative contributions and one positive contributions to the AGEM Index.

AGEM

The largest negative contribution to the monthly index was Aristocrat Leisure Limited, whose 10.2 percent fall in stock price led to a 71.94-point loss for the index.

Meanwhile, Konami Corp saw its stock price fall by 7.3 percent, leading to a 53.04-point loss for the index.

The sole positive contribution to the index was Ainsworth Game Technology, whose 1.4 percent increase in stock price resulted in a 0.12-point gain for the AGEM Index.

In February, two of the three major US stock indices decreased from the prior month. The NASDAQ fell by 3.4 percent month-on-month, while the S&P 500 dropped 0.9 percent. The Dow Jones Industrial Average rose by 0.2 percent from the prior month.

Kelsey Wilhelm
Kelsey Wilhelmhttps://agbrief.com
Kelsey Wilhelm is a print and broadcast journalist and editor. Based in Asia for over 20 years, he saw the birth of Macau's rampantly successful gaming industry, propelling him into the world of casinos. Now focusing on all markets throughout Asia, he embraces new technologies and trends, from sports betting to online gaming – always seeking the new frontier.

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