The AGEM index, a measure of the stock prices of a range of casino technology suppliers, fell to 1,815.99 in January, a 0.9 percent decrease from the prior month.
Compared to one year ago, the index rose 11.4 percent, or 185.99 points, said its publisher, the Association of Gaming Equipment Manufacturers (AGEM).
During January, six of the 10 AGEM Index companies reported sequential decreases in stock price. It resulted in six negative contributions and four positive contributions to the index.
The largest positive contributor to the index was Tokyo-listed Konami Group Corp, parent of casino equipment suppliers Konami Australia Pty Ltd and United States-based Konami Gaming Inc.
Konami Group’s 5.3 percent increase in stock price resulted in a 40.64-point gain to the AGEM Index.
The largest negative contributor to the monthly index was Australia-listed slots and digital content specialist Aristocrat Leisure Ltd. Its 7.9 percent month-on-month decrease in stock price led to a 53.41-point loss to the index.
Agilysys Inc, a Nasdaq-listed maker of business software for the hospitality sector, saw its stock price decrease by 27.0 percent sequentially, leading to a 20.53-point decrease for the January index.
In January, all three of the major U.S. stock indices increased from the prior month. The Dow Jones Industrial Average rose by 1.7 percent sequentially, while the S&P 500 experienced a 1.4 percent gain. The Nasdaq rose by 0.9 percent from the prior month.
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.
AGEM produces the monthly AGEM Index in association with Nevada-based advisory service firm Applied Analysis.
