AGEM Index Reaches All-Time High in August 2021
September 3, 2021
The AGEM Index reached an all-time high mark in August 2021, increasing by 87.57 points to 1,012.89 points, a 9.5 per cent gain from July 2021.
In the last month, nearly all AGEM Index companies reported increases in stock price, with 10 posting positive contributions and two recording a negative contribution to the index. Compared to the prior year, the AGEM Index was up 109.9 per cent, more than doubling from the 530.38-point level in August 2020.
The AGEM Index's August 2021 growth was due in large part to a 9.7 per cent increase in the stock price of Aristocrat, which rose from US$41.64 to US$45.67. The stock was responsible for a 26.73-point increase in the AGEM Index's monthly growth.
Other significant index contributors were Konami, which added 21.64 points due to a 14.7 per cent rise in stock price, and Scientific Games, which contributed 21.45 points with a 17.2 per cent stock price increase.
The major stock indices also performed well over the month as the Nasdaq and the S&P 500 experienced monthly gains of 4.5 per cent and 3.2 per cent, respectively, while the Dow Jones Industrial Average grew by 1.2 per cent.
The Index had been growing month by month since late 2020, setting a new record mark in June, until it suffered its first decline in eight months in July 2021.
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.