The AGEM Index, a measure of the stock prices of a range of casino technology suppliers, increased by 162.11 points to 1,903.29 in June, a 9.3 percent gain from the prior month. Compared to one year ago, the index rose 43.1 percent, or 573.10 points.
During June, 10 of the 12 AGEM Index companies reported stock price increases, which resulted in 10 positive contributions and two negative contributions to the AGEM Index. That is according to its publisher, the Association of Gaming Equipment Manufacturers (AGEM).
The largest positive contributor to the monthly index this time was Japan-listed Konami Group Corp, which via its Konami Gaming Inc and Konami Australia Pty Ltd units supplies casino slot machines and floor management systems. Konami Group’s 16.1-percent month-on-month increase in stock price – a 97.0 percent year-on-year improvement – led to an 88.88-point gain for the index.
Australia-listed slot machine specialist and online content provider Aristocrat Leisure Ltd saw its stock price increase by 4.4 percent month-on-month, leading to a 44.83-point increase for the index. Measured year-on-year, Aristocrat was up 31.0 percent.
The largest negative contributor to the index in June was Nasdaq-listed TransAct Technologies Inc, a supplier of slot machine printers and food safety technology. Its 3.7-percent month-on-month decrease in stock price resulted in a 0.03-point loss to the AGEM Index. Judged year-on-year, TransAct was down 2.9 percent.
In June, all three major U.S. stock indices increased from the prior month for the second consecutive period. The Nasdaq rose by 5.9 percent over the month, while the Dow Jones Industrial Average experienced a 5.2 percent increase. The S&P 500 rose by 4.9 percent relative to May.
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.
