The AGEM Index increased by 4.53 points in June 2020 to 407.41 points, a 1.1 percent gain from May 2020, and a 19.4 percent decrease as compared to the same month of the prior year.
Six of the 13 AGEM Index companies reported stock price increases amid ongoing uncertainty about the global economy and the effects of the COVID-19 pandemic. The stock price for Aristocrat Leisure Limited decreased by 0.9 percent due to the Australian dollar strengthening against the U.S. dollar. In turn, this accounted for a 5.06-point rise in the AGEM Index. Crane Co. experienced a 6.7 percent stock price jump, leading to an index contribution of 3.93 points.
All three major U.S. stock indices increased as the Dow Jones Industrial Average grew by 1.8 percent and the S&P 500 grew by 1.7 percent. Additionally, the NASDAQ grew by 6.0 percent in the month.
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.