AGEM November Index shows 6.5% increase over October
Association of Gaming Equipment Manufacturers details 21.7% increase year on year
The AGEM Index increased by 33.01 points in November 2019 to 540.65 points, a 6.5 percent gain from October 2019. The growth was driven largely by a 7.3 percent increase in the stock price of Aristocrat Leisure Limited (ASX: ALL), which climbed from AU$31.62 to AU$33.92.
The Aristocrat stock was responsible for 11.58 points of the AGEM Index’s monthly gain. Crane Co. (CR) experienced an 8.6 percent stock price gain from $76.52 to $83.07, which led to an index contribution of 6.44 points. Overall, most AGEM Index companies reported increases in stock price during the month, with seven trending positively and six moving negatively.
The major stock indices performed well as the Dow Jones Industrial Average and the S&P 500 experienced monthly growth of 3.4 percent and 3.7 percent, respectively. The NASDAQ also experienced a strong gain of 4.5 percent.
The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index that comprises 13 global gaming suppliers throughout the world. A total of nine suppliers are based in the United States and are listed on the NYSE, Nasdaq or OTC market, while two trade on the Australian exchange, one on the Tokyo exchange, and other trades on the Taiwan OTC exchange. The index is computed based on the month-end stock price (adjusted for dividends and splits) of each company and weighted based on approximation of market capitalization. Market
capitalizations for manufacturers trading on foreign exchanges have beenconverted to US dollar-equivalents as of month-end for comparability purposes. The AGEM Index is based on a 100-point value as of January 2005.
AGEM is an international trade association representing manufacturers of electronic gaming devices, systems, lotteries, and components for the gaming industry. The Association works to further the interests of gaming equipment manufacturers throughout the world. Through political action, tradeshow partnerships, information dissemination and good corporate citizenship, the members of AGEM work together to create benefits for every company within the organization. Together, AGEM and its member organizations have assisted regulatory commissions and participated in the legislative process to solve problems and create a positive business environment.
