The AGEM index, a measure of the stock prices of a range of casino technology suppliers, rose 51.64 points to 1,523.84 in April, a 3.5 percent increase from the prior month. That is according to index compiler, the Association of Gaming Equipment Manufacturers (AGEM).
It was led by a 4.3 percent rise in the stock price of Australia-listed slot specialist Aristocrat Leisure Ltd, which made a positive contribution to the index amounting to 53.53-points.
Compared to one year ago, April’s AGEM Index declined by 12.5 percent, or 218.45 points. During the latest month, there were six positive contributions and three negative contributions to the index.
Other positive contributors for April were New York Stock Exchange-listed Crane NXT Co, a maker of industrial technology including products for the gaming sector. Its stock price rose 10.1 percent, leading to a 7.93-point increase for the index.
The largest negative contributor to the index was Japan-listed entertainment conglomerate Konami Group Corp. Its 2.2 percent decrease in stock price resulted in a 6.24-point loss to the AGEM Index.
In April, all the three major U.S. stock indices increased from the prior month. The Nasdaq rose 15.3 percent over the month, while the S&P 500 experienced a 10.4 percent gain. The Dow Jones Industrial Average improved 7.1 percent from the prior month.
AGEM represents manufacturers of electronic gaming devices, systems, lotteries, and components for the gaming industry.
The association 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.
AGEM produces the monthly AGEM Index in association with Nevada-based advisory service firm Applied Analysis.
