GGRAsia – AGEM Index rebounds in October

AGEM Index rebounds in October

Nov 11, 2015 Newsdesk Industry Talk, Latest News

The AGEM Index, which tracks the stock performance of the world’s major listed casino gaming equipment suppliers, reported a substantial monthly gain of 13.87 points (+7.6 percent) in October.

The rebound came after the composite index reporting two consecutive month-to-month declines in August and September respectively.

The index ended October at 197.21 points, which represents a year-on-year increase of 5.5 percent or 10.22 points, said the Association of Gaming Equipment Manufacturers (AGEM). It compiles the index in association with research firm Applied Analysis LLC.

Eight of the 13 gaming equipment manufacturers tracked by the AGEM Index reported month-on-month gains in stock price in October, with three up by more than 10 percent – Ainsworth Game Technology Ltd (+13.57 percent), Crane Co (+12.94 percent) and Daktronics Inc (+11.88 percent).

The AGEM 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 capitalisation. It is based on a 100-point value recorded as of January 2005.

AGEM is a non-profit international trade association representing manufacturers and suppliers of electronic gaming devices, systems, table games, online technology, key components and support products and services for the gaming industry.