AGEM Index Raises Benchmark Again in September 2021
October 5, 2021
The AGEM Index's climb continued in September 2021 as it reached another all-time high mark, building upon its previous record set last month.
The Index grew by 33.86 points to a new high of 1,046.74 last month.
That means that over the past year, it has nearly doubled from 525.44 points in September 2020.
The latest monthly rise in the index was driven by gains from five companies, which overcame negative index contributions by the other seven companies in the AGEM Index.
The top contributor to the monthly index was International Game Technology (IGT), whose 22.5 per cent increase in stock price led to a 23.20-point gain for the index. Scientific Games was also a significant contributor to the overall growth in the index, adding 22.67 points as the result of a 14.8 per cent rise in stock price. The largest negative contributor to the index was Konami, whose 7.1 per cent drop in stock price led to a 12.14-point decrease in the AGEM Index.
All three major U.S. stock indices decreased over the month, with the NASDAQ and the S&P 500 experiencing declines of 5.7 percent and 5.0 percent, respectively. The Dow Jones Industrial Average experienced a 4.3 percent decline.
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.