GGRAsia – AGEM Index marks 21st month of gains in June

AGEM Index marks 21st month of gains in June

Jul 07, 2017 Newsdesk Industry Talk, Latest News

The AGEM Index, which tracks the stock performance of listed firms in the casino equipment supply sector, reached another record high in June.

The composite index stood at 421.95 points as of the end of that month, a sequential increase of 31.77 points, or 8.1 percent, compared to May 2017.

Judged year-on-year, the AGEM Index rose for the 21st consecutive month. It has climbed 161.94 points, or 62.3 percent, compared to June 2016.

The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index in association with research firm Applied Analysis LLC.

During the June 2017 reporting period, 10 of the 13 global gaming equipment manufacturers on the index reported month-to-month increases in stock price, with five up by more than 10 percent.

Three manufacturers reported decreases in stock price during the month, with one posting double-digit declines.

Selected positive contributors to the June 2017 AGEM Index included: Konami Holdings Corp, with 12.30 points due to a 14.71-percent increase in stock price to JPY6,240 (US$54.84); Aristocrat Leisure Ltd via a 5.32-percent increase in stock price to AUD22.96 (US$17.40) and 12.69 points; and Scientific Games Corp with 4.05 points and a 13.79-percent increase in stock price to US$26.40.

Selected negative contributors to the June index included Taiwan-based slot machine maker Astro Corp, which saw its stock price fall 10.16 percent, to TWD17.25 (US$0.563), creating a negative 0.05 points.