AGEM Index falls by 33.4 percent in March

The Association of Gaming Equipment Manufacturers (AGEM) has released its monthly AGEM Index, which in March 2020 decreased by 156.39 points to 312.52 points, a 33.4 percent decline from February 2020.

Twelve of the 13 AGEM Index companies reported significant stock price declines as global markets reacted to gaming industry shutdowns, historic unemployment claims, and a widening economic freeze due to the COVID-19 pandemic. 

The stock price for Aristocrat Leisure Limited dropped by 35.5 percent, accounting for an 83.03-point decrease in the AGEM Index, while Crane Co. (CR) experienced a 27.6 percent stock price drop that led to an index contribution of negative 20.32 points.

All three major U.S. stock indices decreased as the Dow Jones Industrial Average and the S&P 500 experienced monthly declines of 13.7 percent and 12.5 percent, respectively. The NASDAQ also experienced a drop of 10.1 percent.

The Association of Gaming Equipment Manufacturers 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.