The AGEM Index elevated by 12.33 factors to 764.13 factors in March 2021, a 1.6 p.c acquire from February 2021. Over the month, nearly all of AGEM Index firms reported decreases in inventory worth, with 5 trending positively and eight transferring negatively.
The AGEM Index’s March 2021 development was pushed by a 13.1 p.c enhance within the inventory worth of Aristocrat Leisure Restricted (ASX: ALL), which rose from $30.36 to $34.35. The inventory was accountable for 35.77 factors of the AGEM Index’s month-to-month development. The opposite vital index contributor was Crane Co. (NYSE: CR), which added 12.21 factors as a result of a 12.Zero p.c inventory worth acquire from $83.86 to $93.91.
The key inventory indices additionally carried out strongly over the month because the Dow Jones Industrial Common and the S&P 500 skilled month-to-month good points of 6.6 p.c and 4.2 p.c, respectively, whereas the NASDAQ grew by 0.Four p.c.
The AGEM Index
The Affiliation of Gaming Tools Producers (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 in the USA 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 worth (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 relies on a 100-point worth as of January 2005. Firm inventory costs and AGEM Index contributions could also be revised as needed as a result of inventory splits, reverse inventory splits, mergers, acquisitions and different enterprise actions.