GGRAsia – AGEM Index winning streak continues in September

AGEM Index winning streak continues in September

Oct 10, 2017 Newsdesk Industry Talk, Latest News

The AGEM Index, which tracks the stock performance of major listed firms in the casino equipment supply sector, reported significant gains in September. The composite index stood at 457.91 points at the close of the month, an increase of 26.25 points, or 6.08 percent, when compared to August 2017.

The AGEM Index reported a year-on-year increase for the 24th consecutive month, rising 151.05 points, or 49.23 percent, compared to September 2016.

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

During the latest reporting period, six of the 12 global gaming equipment manufacturers included in the index reported month-to-month increases in stock price, with four up by more than 10 percent. Four manufacturers reported decreases in stock price during the month, with all of those posting single-digit declines. Two companies saw no change in their stock price in September.

Nasdaq-listed Scientific Games Corp contributed 16.49 points during the month due to a 30.26 percent increase in stock price to US$45.85. U.S.-listed International Game Technology Plc reported a 20.52 percent increase in stock price to US$24.55 and contributed 13.53 points for the overall index increase.

Selected negative contributors included: Konami Holdings Corp with a negative 6.75 points, on a stock price that fell 5.58 percent to JPY5,410 (US$48.01); and Australia-listed Aristocrat Leisure Ltd, which reported a 0.80 percent decrease in stock price to AUD21.00 (US$16.36), contributing a negative 2.27 points.

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.