he AGEM Index dropped 1.16 points or 1.1 % during November, closing the month at 104.73. The index remains in better health than earlier in the year as it has rebounded 46.8 percent over the last 12 months. Additionally, the majority of the index members reported positive gains during the month, but a few declines from the larger market-capitalized members pressured aggregate valuations by month-end.
Selected positive contributors to the index during the month include: International Game Technology (IGT) with the only full-point contribution, adding 1.77 points to the index based on a 5.89 % increase in its stock price; Bally Technologies contributing 0.66 points with a 5.43 % increase in its stock performance; and Global Cash Access (GCA) posting a 17.54 % increase in its stock price, adding 0.49 points to the overall index.
Selected negative contributors to the index include: Konami with its stock price dropping 10.95 %, contributing -1.30 points to the index; Aristocrat Technologies posting -1.11 points to the index with a 10.84 % decline in its stock valuation; and Lottomatica contributing -1.09 points to the index as its stock performance declined 8.13 %.
As year-end approaches and the economy outside of Wall Street begins healing, investors may remain cautious on gaming suppliers as a sustained upswing in consumer spending will be required before material capital improvements emerge.