The AGEM Index improved by 55.72 factors to 751.79 factors in February 2021, an 8.0 % progress price over January 2021. During the newest interval, all however one firm within the AGEM Index reported will increase of their inventory costs over the month.
The AGEM Index’s month-to-month progress was pushed by a big achieve within the inventory value of Agilysys (AGYS). The firm’s inventory value climbed by 62.0 % and contributed 15.09 factors to the AGEM Index. Another sturdy performer for the month was Scientific Games Corporation (SGMS), whose inventory value elevated 19.4 % and contribution 14.94 factors to the index’s month-to-month rise.
The main inventory indices carried out properly because the Dow Jones Industrial Average and the S&P 500 skilled month-to-month progress of three.2 % and a couple of.6 %, respectively. The NASDAQ skilled a achieve of 0.9 %.
The AGEM Index
The Association of Gaming Equipment Manufacturers (AGEM) produces the month-to-month AGEM Index that includes 13 world gaming suppliers all through the world. A complete of 9 suppliers are primarily based within the United States and are listed on the NYSE, Nasdaq or OTC market, whereas two commerce on the Australian alternate, one on the Tokyo alternate, and one other trades on the Taiwan OTC alternate. The index is computed primarily based on the month-end inventory value (adjusted for dividends and splits) of every firm and weighted primarily based on approximation of market capitalization. Market capitalizations for producers buying and selling on international exchanges have been transformed to US dollar-equivalents as of month-end for comparability functions. The AGEM Index is predicated on a 100-point worth as of January 2005. Company inventory costs and AGEM Index contributions could also be revised as vital attributable to inventory splits, reverse inventory splits, mergers, acquisitions and different enterprise actions.