GGRAsia – Aristocrat Leisure, Crane Co stocks lift AGEM Index in June

Aristocrat Leisure, Crane Co stocks lift AGEM Index in June

Jul 03, 2019 Newsdesk Latest News, Top of the deck, World

The AGEM Index of the prices of shares in the main makers of gaming equipment around the world rose by 22.34 points in June to 505.34 points, or 4.6 percent more than the month before.

The Association of Gaming Equipment Manufacturers (AGEM), which publishes the index, issued a written statement saying the index was 7.5 percent lower in June than a year earlier.

AGEM said the rise in June was propelled mainly by an increase of 5.5 percent in the price of shares in Australian-listed Aristocrat Leisure Ltd, which added 13.96 points to the index, and by an increase of 9.1 percent in the price of shares in U.S.-listed Crane Co, which added 6.86 points to the index.

Among the 13 stocks tracked by the AGEM Index, the prices of eight rose in June and the prices of five fell. Nine of the stocks are traded in the United States, two in Australia, one in Japan and one in Taiwan.

The index used to track the price of shares in Gaming Partners International Corp, but they were delisted at the NASDAQ in May after the company was taken private.

All the main gauges of the prices of stocks listed in the United States rose in June, the Dow Jones Industrial Average gaining 7.2 percent, the S&P 500 index gaining 6.9 percent and the NASDAQ index gaining 7.4 percent.

The AGEM Index is compiled every month by Applied Analysis LLC.

The index is a gauge of the prices of each component stock at the end of each month, adjusted for dividends and splits, and weighted according to approximate market capitalisation. The base value of the index is 100 points, set in January 2005.

AGEM represents manufacturers around the world of electronic gaming devices, systems, lotteries, and components for the gaming industry.