Sci Games, IGT among stocks cutting June’s AGEM index

Jul 10, 2018 Newsdesk Industry Talk, Latest News  

---

The AGEM Index eased downwards to 546.37 points last month – a reading that is 1.39-percent less than in May – indicating a dip in prices of shares in some of the biggest makers of gaming equipment around the world.

The index compiled by the Association of Gaming Equipment Manufacturers (AGEM) recorded a year-on-year increase for the 33rd consecutive month and has improved by 124.41 points, a 29.49-percent increase, since June last year.

The main indicators of stock markets in the United States outperformed the AGEM Index last month, with the S&P 500 rising by 0.48 percent to 2,718.37 points, the Dow Jones Industrial Average falling by 0.59 percent to 24,271.41 points and the Nasdaq index rising by 0.92 percent to 7,510.3 points in the period from June 1 to June 30.

The gaming association released the latest index data on Monday, saying the share prices of five of the 13 gaming equipment manufacturers tracked by the index rose last month. Among the stocks that gained were Japanese group Konami Corp, which added 8.52 points to the AGM Index by rising 10.37 percent in price, and Australian firm Aristocrat Leisure Ltd, which added 1.47 points to the index by rising 2.86 percent.

Among the stocks that lost ground in June were Scientific Games Corp which subtracted 11.19 points from the AGEM index by falling 17.12 percent in price; and International Game Technology PLC, which subtracted 4.73 points from the index by falling 6.82 percent.

The stocks that constitute the AGEM Index are weighted by approximate market capitalisation. AGEM began compiling the index in January 2005 on base of 100 points.

The AGEM is a trade association representing manufacturers of electronic gaming devices, systems, lotteries, and components for the gaming industry.

In May, the AGEM Index climbed for a second consecutive month to 554.05 points in May, an increase of 4.28 percent over April’s reading.

---

---