AGEM Index sees 3.3 percent rise in July

The AGEM Index increased by 13.55 points in July 2020 to 420.86 points, a 3.3 percent gain from June 2020.  

The stock price for Aristocrat Leisure Limited (ASX: ALL) increased by 2.7 percent, accounting for a 12.43-point improvement in the AGEM Index, while Scientific Games Corporation (SGMS) experienced a 13.7 percent stock price jump that led to an index contribution of 3.79 points.

All three major U.S. stock indices increased as the Dow Jones Industrial Average grew by 2.4 percent and the S&P 500 grew by 5.5 percent. Meanwhile, the NASDAQ grew by 6.8 percent compared to June 2020.

The AGEM Index

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 monthend 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 beenconverted 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.