GGRAsia – AGEM Index rises for the second month in May

AGEM Index rises for the second month in May

Jun 08, 2018 Newsdesk Industry Talk, Latest News

The AGEM Index climbed for a second consecutive month to 554.05 points in May, an increase of 4.28 percent over April’s reading. The index was 42.0 percent higher last month compared to the same time last year.

The index is published by the Association of Gaming Equipment Manufacturers and includes 13 listed gaming equipment manufacturers from around the world, weighted by approximate market capitalisation.

The prices of seven of the 13 constituent stocks rose last month.

Among the constituent stocks that gained value was Australian slot-machine manufacturer Aristocrat Leisure Ltd, which rose by 12.01 percent to AU$30.04 (US$22.88), adding 24.94 points to the index. A maker of lottery and electronic gaming machines, Scientific Games Corp was another gainer, rising 11.26 percent to US$59.30, to contribute 8.34 points to the index.

Among the constituent manufacturers that lost value was International Game Technology Plc, which fell by 11.78 percent to US$24.94, removing 8.25 points from the index. Japanese conglomerate Konami Corp was another to fall, down by 5.02 percent to JPY5,110 (US$46.55), subtracting 3.99 points from the index.

The index is based on a 100-point value as of January 2005. The index is released monthly by the Nevada-based association which represents and lobbies for international manufacturers of electronic gaming devices, systems, lotteries, and components for the gaming industry.