AGEM Index posts biggest monthly gain since July 2013

The AGEM Index of shares in gaming suppliers rose 5.9 percent to 192.71 in February from January, marking the highest month-to-month gain since June to July 2013.

However, year-over-year the index was still lower, down 0.2 percent from February 2014.

In February 2015, 11 of the 14 global gaming suppliers reported month-to-month gains in stock price. Of the companies reporting gains, all but one were up by more than five percent, with Intralot S.A.and Scientific Games Corporation reporting the greatest gains of 36.6 percent and 14.4 percent, respectively.

The gains in the AGEM Index slightly outpaced most of the broader stock market indices during the month. In February, the S&P 500 rose 5.5 percent, while the Dow Jones Industrial Average was up 5.6 percent. The Nasdaq posted a 7.1 percent increase.

 

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