AGEM releases May 2018 index results

The AGEM Index continued to grow positively in May 2018, building upon last month’s encouraging trends.

The composite index finished the month at 554.05 points, a gain of 22.72 points or 4.28 percent, compared to April 2018.

The AGEM Index reported a year-over-year increase for the 32nd consecutive month and has climbed 163.87 points, or 42.00 percent, since May 2017.

During the latest period, seven of the 13 global gaming equipment manufacturers reported month-to-month increases in stock price. Six manufacturers reported decreases in stock price during the month.

The April performance of the AGEM Index paralleled the three major stock market indexes. The S&P 500 reported a month-to-month increase of 2.16 percent to 2,705.27. The Dow Jones Industrial Average increased 1.05 percent to 24,415.84, while the NASDAQ increased 5.32 percent during the period to 7,442.12.

Positive contributors to the May 2018 AGEM Index included the following:

• Aristocrat Leisure Limited (ASX: ALL) contributed 24.94 points due to a 12.01 percent increase in stock price to AU$30.04.
  
  
• Scientific Games Corporation (SGMS) reported an 11.26 percent increase in stock price to $59.30, contributing 8.34 points.

Selected negative contributors included the following:

• With its stock price falling 11.78 percent to $24.94, International Game Technology PLC (IGT) contributed negative 8.25 point

AGEM INDEX MAY 2018 - CLICK HERE