The AGEM Index stepped forward through 8.96 issues in January 2021 to 696.08 issues, a 1.three p.c acquire from December 2020. Total, the vast majority of corporations in AGEM Index reported declines in inventory value over the month, with 8 trending negatively and 5 transferring definitely.
The AGEM Index’s per 30 days enlargement was once due largely to an build up within the inventory value of Konami Corp. (TYO:9766). The corporate’s inventory value larger through 13.four p.c and contributed 18.22 issues to the AGEM Index’s January acquire. Moreover, the inventory value for Ainsworth Recreation Generation (ASX:AGI) larger 66.7 p.c, which resulted in an index contribution of two.47 issues.
Exchange for the main inventory indices was once combined all the way through the month. The Dow Jones Commercial Reasonable and the S&P 500 declined through 2.zero p.c and 1.1 p.c, respectively, whilst the NASDAQ grew through 1.four p.c.
The AGEM Index
The Affiliation of Gaming Apparatus Producers (AGEM) produces the per 30 days AGEM Index that incorporates 13 international gaming providers all through the sector. A complete of 9 providers are primarily based in the US and are indexed at the NYSE, Nasdaq or OTC marketplace, whilst two industry at the Australian change, one at the Tokyo change, and every other trades at the Taiwan OTC change. The index is computed according to the month finish inventory value (adjusted for dividends and splits) of each and every corporate and weighted according to approximation of marketplace capitalization. Marketplace capitalizations for producers buying and selling on overseas exchanges had been transformed to US dollar-equivalents as of month-end for comparison functions. The AGEM Index is according to a 100-point worth as of January 2005. Corporate inventory costs and AGEM Index contributions could also be revised as important because of inventory splits, opposite inventory splits, mergers, acquisitions and different industry actions.