The AGEM index, a measure of the stock prices of a range of casino technology suppliers, fell by 58.52 points to 1,925.21 in September, a 3.0-percent decline from the prior month. Compared to a year ago, the September AGEM index rose 24.0 percent, or 372.62 points.
During September, five of the 10 AGEM Index companies reported stock price increases, which resulted in five positive contributions to the index, said its publisher, the Association of Gaming Equipment Manufacturers (AGEM).
The largest negative contributor to the September index was Japan-listed Konami Group Corp, which via its Konami Gaming Inc and Konami Australia Pty Ltd units supplies slot machines and casino floor management systems. Konami Group’s 4.7-percent month-on-month decline in stock price led to a 30.84-point loss to the index.
Australia-listed slot machine specialist and online content provider Aristocrat Leisure Ltd saw its stock price decrease by 3.6 percent month-on-month, leading to a 23.5-point decline for the index. Nasdaq-listed casino equipment and online games provider Light & Wonder Inc also saw its stock price decrease by 9.2 percent month-on-month, which led a 19.55-point loss for the index.
The largest positive contributor to the index in September was NYSE-listed maker of industrial-technology products Crane NXT Co, whose 12.3 percent month-on-month increase in stock price resulted in a 14.24-point gain to the AGEM index.
In September, all three major U.S. stock indices increased from the prior month for the second consecutive period. The Nasdaq rose by 5.6 percent over the month, while the S&P 500 experienced a 3.5 percent gain. The Dow Jones Industrial Average rose by 1.9 percent relative to August.
AGEM represents manufacturers of electronic gaming devices, systems, lotteries, and components for the gaming industry.
The association began compiling data for the index in January 2005 using a base of 100 points. The stocks that constitute the AGEM Index are weighted by approximate market capitalisation.
