AGEM Index surges 16.4% in October to reach a record high

The index gained 297.58 points as all nine tracked gaming suppliers recorded share price increases.

Asia.- The AGEM Index rose 16.4 per cent in October, reaching a record high of 2,108.59 points and extending its year-on-year growth to 8.9 per cent. The index gained 297.58 points from September.

All nine companies tracked by the index saw share price increases during the month, resulting in nine positive contributions and no negative contributions to its performance. Konami was the largest positive contributor, with its share price climbing 23.3 per cent and adding 150.45 points to the index after exceptionally strong earnings results released at the end of the month.

Aristocrat Leisure Limited also made a significant contribution. Its share price increased by 8.2 per cent, adding 73.27 points.

The gains among gaming equipment suppliers came despite a mixed performance across major US stock markets in October. The NASDAQ fell 5.3 per cent and the S&P 500 declined 0.9 per cent while the Dow Jones Industrial Average increased by 1.7 per cent.