GGRAsia – Aristocrat Leisure, Konami rein in September AGEM Index

Aristocrat Leisure, Konami rein in September AGEM Index

Oct 09, 2018 Newsdesk Industry Talk, Latest News, Top of the deck, World

The AGEM Index of the prices of shares in makers of gaming equipment fell last month to 493.03 points, a decline of 28.48 points – or 5.46 percent – compared to the month before. The Association of Gaming Equipment Manufacturers (AGEM), which compiles the index, said in a written statement that the index last month was 7.67 percent higher than a year earlier, showing an annual increase for the 36th month in a row.

There were increases in six of the 13 stocks of gaming equipment manufacturers around the world that the index tracks. Among the stocks that rose were Crane Co, which added 7.12 points to the index by gaining 7.75 percent, and Everi Holdings Inc, which added 0.58 point to the index by gaining 5.77 percent.

Among the stocks that fell were Aristocrat Leisure Ltd, which subtracted 19.9 points from the index by losing 9.97 percent, and Konami Corp., which subtracted 5.52 points from the index by losing 4.4 percent.

Two of the three main stock market gauges rose last month, the S&P 500 index rising by 0.43 percent to 2,913.98 points and the Dow Jones Industrial Average rising by 1.9 percent to 26,458.31 points, while the NASDAQ Composite Index fell by 0.78 percent.

AGEM compiles the AGEM Index in association with Applied Analysis LLC. The index tracks the price of each of the component stocks at the end of each calendar month, adjusted for dividends and splits and weighted according to the approximate market capitalisation of each company.

The base the index is 100 points, set in January 2005.