The AGEM Index of share prices among major makers of casino gaming equipment rose by 23.89 points to 476.35 points in April, 5.3 percent higher than the month before. Compared to the same time last year, the index was down by about 10.3 percentage points.
In March, the index fell by 11.27 points to 452.46 points in March, a 2.43-percent decline compared to February.
April’s index rose faster than the main gauges of stock prices in the United States: the Dow Jones Industrial Average having risen by 2.6 percent, the S&P 500 index by 3.9 percent and the Nasdaq index by 4.7 percent.
Of the stocks tracked by the AGEM Index, the prices of 10 rose last month and the prices of four fell. Notable among the shares tracked were those of Aristocrat Leisure Ltd. The per-unit price rose by 6.4 percent, adding 9.8 points to the index. International Game Technology Plc (IGT) saw its stock price rise 12.6 percent, adding 5.54 points to the index.
The index tracks the price of each stock in United States dollars at the end of every month, adjusted for dividends and splits, and roughly weighted according to market capitalisation. The base of the index is 100 points, set in January 2005.
Among the stocks in the AGEM Index, 10 are traded in the U.S., two in Australia, one in Japan and one in Taiwan.
Applied Analysis compiles the index every month for the Association of Gaming Equipment Manufacturers (AGEM). AGEM is represents makers of electronic gaming devices, systems, lotteries, and components for the gaming industry.
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”We are moving rapidly as we execute on our strategy and the planned divestitures are well-progressed”
President and chief executive of casino equipment provider Scientific Games