GGRAsia – AGEM Index starts 2018 on a high note

AGEM Index starts 2018 on a high note

Feb 07, 2018 Newsdesk Industry Talk, Latest News, Top of the deck

The AGEM Index, which tracks the stock performance of listed firms in the casino equipment supply sector, rose 23.45 points, or 4.5 percent month-on-month, to 540.24 points in January this year.

Judged year-on-year, the index reported an increase for the 28th consecutive month, rising 232.10 points, or 75.3 percent, when compared to January 2017.

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

During the January 2018 reporting period, six of the 12 global gaming equipment manufacturers tracked by the index reported month-to-month increases in stock price. Among the six that reported declines in stock price, three posted double-digit declines.

The gainers last month included payments technology specialist Crane Co, which saw its stock price increase 12.0 percent. U.S.-listed International Game Technology Plc reported a 9.7 percent increase in stock price and contributed 7.80 points for the overall index increase. Australia-listed Aristocrat Leisure Ltd reported a 0.84 percent increase in stock price and contributed 6.78 points.

Selected negative contributors during the month of January included: U.S.-based Scientific Games Corp, down nearly 9.1 percent via its listing on Nasdaq; and U.S.-based Gaming Partners International Corp, which reported a 9.52 percent decrease in stock price.

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.