The AGEM index, a measure of the stock prices of a range of casino technology suppliers, rose by 54.38 points to 1,578.22 in May, a 3.6-percent increase from the prior month. Compared to a year ago, the AGEM index fell 9.4 percent, or 162.96 points.
During the latest month, seven of the nine AGEM Index companies reported stock price increases, according to data issued by the Association of Gaming Equipment Manufacturers (AGEM).
The largest positive contributor to last month’s index was Australia-listed slot machine specialist and online content provider Aristocrat Leisure Ltd. Its 6.0-percent decrease in stock price led to a 37.65-point loss to the index.
Agilysys Inc, a Nasdaq-listed maker of business software for the hospitality sector, saw its stock price rise 35.1 percent, leading to a 26.28-point increase for the index.
The largest negative contributor to the index was Japan-listed Konami Group Corp, whose 0.2 percent increase in stock price coupled with a weakened Japanese yen exchange rate resulted in a 6.56-point loss to the AGEM Index.
In May, all the three major U.S. stock indices increased from the prior month. The Nasdaq rose by 8.4 percent over the month, the S&P 500 experienced a 5.1-percent gain, and the Dow Jones Industrial Average improved by 2.8 percent relative to April.
AGEM produces the monthly AGEM Index in association with Nevada-based advisory service firm Applied Analysis.
AGEM represents manufacturers of electronic gaming devices, systems, lotteries, and components for the gaming industry.
The trade body 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.
