After a drop of 4.7% in January in a decline by 45.71 points, the AGEM Index published its numbers for February showing an improvement by 27.08 points to 952.95, marking a 2.9% increase from the first month of the year.
Compared to February 2021, the index added 201.16 points for an annual growth rate of 26.8%. During the latest reporting period, nine of the AGEM Index companies reported stock price increases, with three posting a decline. As a result, eight companies posted positive contributions to the index, while one posted no change and the remaining three companies had negative contributions.
The top contributor to the monthly index was International Game Technology (IGT), whose 14.4% increase in stock price led to a 17.29-point gain for the index. Scientific Games Corporation reported a 10.51-point contribution to the index as a result of a 9.1% increase in overall stock price. The largest negative contribution to the index was sourced to Aristocrat Leisure Limited, whose 7.6% drop in stock price resulted in a 17.49-point decrease in the AGEM Index.
In the latest reporting period, all three major U.S. stock indices declined once again. The S&P 500 declined 3.1%, while the NASDAQ fell by 3.4%. The Dow Jones Industrial Average experienced the largest dip among major U.S. stock indices with a 3.6% decline in February 2022.
In January, the AGEM Index had seen a 4.7% decrease from December 2021 amid a broad market decline.
AGEM produces the monthly AGEM Index that comprises 12 global gaming suppliers throughout the world. A total of nine suppliers are based in the United States and are listed on the NYSE, Nasdaq or OTC market, while two trade on the Australian exchange and one on the Tokyo exchange.
