he AGEM Index's May 2019 growth was driven by a 5.5 percent increase in the stock price of Aristocrat Leisure Limited, which rose from AU$29.12 to AU$30.72. The stock was responsible for 13.96 points of the AGEM Index's monthly growth.
Crane Co. experienced a 9.1 percent stock price gain from $76.46 to $83.44, which led to a contribution of 6.86 points.
Overall, most AGEM Index companies reported increases in stock price during the month, with eight trending positively and five moving negatively.
The major stock indices also performed strongly as the Dow Jones Industrial Average and the S&P 500 experienced monthly gains of 7.2 percent and 6.9 percent, respectively, while the NASDAQ grew by 7.4 percent.
The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index that comprises 13 global gaming suppliers throughout the world. A total of ten 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.