LAS VEGAS, Feb. 06, 2018 (GLOBE NEWSWIRE) — The AGEM Index experienced significant gains for the fifth month in a row during January 2018. The composite index closed the month at 540.24 points, a gain of 23.45 points or 4.54 percent, when compared to December 2017. The AGEM Index reported a year-over-year increase for the 28th consecutive month and has climbed 232.10 points, or 75.32 percent, since November 2016.
During the latest period, six of the 12 global gaming equipment manufacturers reported month-to-month increases in stock price. Six manufacturers reported decreases in stock price during the month, with three manufacturers posting double-digit increases or declines.
The three broader stock market indexes produced positive results in January. The S&P 500 reported a month-to-month increase of 5.62 percent to 2,823.81. The Dow Jones Industrial Average increased 5.79 percent to 26,149.39, while the NASDAQ increased 7.36 percent during the period to 7,411.48.
Selected positive contributors to the January 2018 AGEM Index included the following:
- Crane Co. (CR) contributed 9.78 points due to a 12.02 percent increase in stock price to $99.94.
- International Game Technology (IGT) contributed 7.80 points due to a 9.66 percent increase in stock price to $29.07.
- Aristocrat Leisure Limited (ASX:ALL) reported a 0.84 percent increase in stock price to AU$23.90 and contributed 6.78 points.
Selected negative contributors included the following:
- With its stock price falling 9.06 percent to $46.65, Scientific Games Corporation (SGMS) contributed negative 5.20 points.
- Gaming Partners International (GPIC) reported a 9.52 percent decrease in stock price to $10.17, contributing negative 0.11 points.
Review the complete January 2018 AGEM Index.