International edition
June 14, 2021

The Index dropped 1.16 points or 1.1 % during the month

AGEM releases November 2009 index

(US).- Reported earnings for the third quarter wrapped up during the month of November with the Dow Jones Industrial Average continuing its surge above 10,000 points and leaving some bears with global gaming suppliers. While movement in gaming supplier stock prices was modest during the past month, year-over-year comparisons demonstrated strength.

T

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.

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