AGEM Index falls in January

The Association of Gaming Equipment Manufacturers has released its monthly AGEM Index, which in January 2020 decreased by 5.54 points to 540.50 points, a 1.0 percent decline from December 2019.

According to the association, the drop was driven by stock price declines for 10 of the 13 AGEM Index companies, but the overall decline in the monthly index was offset by strong gains for two companies.

The stock price for Aristocrat Leisure Limited climbed 7.5 percent, accounting for a 6.22-point contribution to the AGEM Index, while Agilysys experienced a 27.90 percent stock price gain that led to an index contribution of 3.49 points.

The major stock indices decreased as the Dow Jones Industrial Average and the S&P 500 experienced monthly declines of 1.0 percent and 0.2 percent, respectively. The NASDAQ also experienced a gain of 2.0 percent.

The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index that comprises 13 global gaming suppliers throughout the world. A total of nine suppliers are based in the United States and are listed on the NYSE, Nasdaq or OTC market, while two trade on the Australian exchange, one on the Tokyo exchange, and another trades on the Taiwan OTC exchange.

The index is computed based on the month-end stock price (adjusted for dividends and splits) of each company and weighted based on approximation of market capitalization. Market capitalizations for manufacturers trading on foreign exchanges have been converted to US dollar-equivalents as of month-end for comparability purposes. The AGEM Index is based on a 100-point value as of January 2005.