AGEM Index down in February

The Association of Gaming Equipment Manufacturers has released its monthly AGEM Index, which in February 2020 decreased by 71.59 points to 468.91 points, a 13.2 percent decline from January 2020.

The drop was driven by stock price declines for all 13 AGEM Index companies as markets around the globe reacted to the uncertainty surrounding the COVID-19 outbreak. The stock price for Aristocrat Leisure Limited dropped by 8.5 percent, accounting for a 28.12-point decrease in the AGEM Index, while Crane Co. experienced a 20.5 percent stock price drop that led to an index contribution of negative 15.56 points.

All three major U.S. stock indices decreased as the Dow Jones Industrial Average and the S&P 500 experienced monthly declines of 10.1 percent and 8.4 percent, respectively. The NASDAQ also experienced a drop of 6.4 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.