he AGEM Index decreased in August 2019 by 21.60 points to 473.36 points, a 4.4 percent drop from July 2019, and 9,2% from prior year. The decline was driven largely by a 2.9 percent decrease in the stock price of Aristocrat Leisure Limited, which declined from AU$30.65 to AU$29.75. The stock was responsible for 9.62 points of the AGEM Index's monthly decrease.
Crane Co. experienced an 8.9 percent stock price drop from $83.70 to $76.24, which led to a contribution of negative 6.77 points. Overall, most AGEM Index companies reported decreases in stock price during the month, with four trending positively and nine moving negatively.
The major stock indices did not perform well as the Dow Jones Industrial Average and the S&P 500 experienced monthly declines of 1.7 percent and 1.8 percent, respectively. The NASDAQ also did not have a strong month, decreasing by 2.6 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 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 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.