AGEM Index Drops for First Time in 6 Months in October 2020
November 6, 2020
The AGEM Index suffered its first fall in six months during October 2020, falling 36.05 points to 494.82, a 6.8 percent loss after a gain of 10.1 per cent in September.
Most companies saw stock price decreases last month, with eight moving negatively and five trending positively. The stock price of Aristocrat Leisure Limited fell 4.5 per cent, contributing 15.96 points to the Index's overall decline. Additionally, the stock price for Konami Corp. dropped by 10.4 per cent, accounting for a 9.8-point decrease.
The decline in the AGEM Index reflected a drop in all the major stock indices, with the Dow Jones Industrial Average down by 3.5 per cent, NASDAQ by 2.7 per cent, and the S&P 500 by 1.9 per cent.
The AGEM Index
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 beenconverted 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.