AGEM manufacturers releases August 2009 index

n a year-over-year basis, the AGEM Index is up 4.1 %, recording its second consecutive monthly increase, the first time since March 2008. The gains and losses during August are primarily attributable to second quarter earnings reports. With nine of the seventeen companies lifting upward during the month, eight others lost ground in terms stock valuation. 

The top five contributors to the index included: IGT, leading the pack for the second month in a row, adding 1.88 points to the index based on a 5.92 % increase in its stock valuation, while WMS is in the second place, posting 1.87 points to the index due to a significant 17.06 % stock price increase.

Bally Technologies is third, contributing 1.32 points to the index driven by an 11.65 % gain in its stock performance. Besides, Lottomatica, which was up 5.66 % adding 1.29
points and Aristocrat Technologies rounded out the top five with a 3.12 % price increase, contributing 0.53 points to the overall index.

Selected suppliers reporting negative contributions to the index included: Global Cash Access (GCA), posting -0.52 points to the index based on a 19.44 % decline in its stock valuation; Astro Corp., reporting a 20.03 % decrease in its stock valuation, contributing -0.12 points to the index and Multimedia Games, posting -0.07 points to the index due to a decrease of 10.68 % in its stock valuation.

It is important to note that Intralot was added to the AGEM Index during the month of August.  Intralot is a leading supplier of integrated gaming and transaction processing systems with a presence in 50 countries on five continents. Headquartered in Athens, Greece, their stock is publicly traded on the Athens Stock Exchange.