he AGEM Index, monthly produced by the Association of Gaming Equipment Manufacturers, decreased in March 2019 by 11.27 points to 452.46 points, a 2.43 percent decline from February 2019, and a negative year-over-year 10.5 percent.
The AGEM Index's March 2019 decline was driven by a 24.70 percent decrease in the stock price of International Game Technology PLC (IGT), which dropped from USD 17.25 to USD 12.99. The stock was responsible for 10.37 points of the AGEM Index's March decline. Scientific Games Corporation experienced a 29.73 percent stock price drop from USD 29.06 to USD 20.42, which led to a contribution of negative 8.87 points.
The major stock indices outperformed the AGEM Index as the Dow Jones Industrial Average grew by less than 0.1 percent, the S&P 500 experienced an increase of 1.8 percent and the NASDAQ grew by 2.6 percent.
The Association of Gaming Equipment Manufacturers produces the monthly AGEM Index that comprises 13 global gaming suppliers throughout the world. A total of 10 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 an 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. The index and overview are prepared by Applied Analysis (AA). This is a Nevada-based advisory services firm providing consulting services for public and private entities.