AGEM Index sees 60.3% year-over-year progress in February
he AGEM Index improved by 55.72 factors to 751.79 factors in February 2021, an 8% progress fee over January 2021, and a 60.3% enhance from February 2020. Through 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 worth of Agilysys (AGYS). The corporate’s inventory worth climbed by 62% and contributed 15.09 factors to the AGEM Index. One other sturdy performer for the month was Scientific Video games Company (SGMS), whose inventory worth elevated 19.4% and contributed 14.94 factors to the index’s month-to-month rise.
The key inventory indices carried out nicely because the Dow Jones Industrial Common and the S&P 500 skilled month-to-month progress of three.2% and a pair of.6%, respectively. The NASDAQ skilled a achieve of 0.9%.
The Association of Gaming Equipment Manufacturers (AGEM) produces the month-to-month AGEM Index that includes 13 international gaming suppliers all through the world. A complete of 9 suppliers are primarily based in the US and are listed on the NYSE, Nasdaq or OTC market, whereas two commerce on the Australian trade, one on the Tokyo trade, and one other trades on the Taiwan OTC trade.
The index is computed primarily based on the month-end inventory worth of every firm and weighted primarily based on approximation of market capitalization. Market capitalizations for producers buying and selling on overseas 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.