AGEM Index value rises more than 10% in September 2020
October 7, 2020
The AGEM Index increased by 48.85 points in September 2020 to 530.87 points, a 10.1 percent gain from August 2020.
Five of the 13 AGEM Index companies reported stock price increases despite downward trends in major U.S. stock indices in September. The stock price for Scientific Games Corporation (SGMS) increased by 68.7 percent, accounting for a 37.05-point improvement in the AGEM Index, while Konami Corp. (TYO:9766) experienced a 11.1 percent stock price jump that led to an index contribution of 10.87 points.
The other big percentage risers were Astro Corp. (3064) with a 12.9-percent jump, Aristocrat Leisure Limited (ASX: ALL) at 5.6 percent, and Everi Holdings Inc. (NYSE: EVRI), which climbed 6,3 percent.
Meanwhile, all three major U.S. stock indices decreased as the NASDAQ dropped by 5.4 percent, the S&P 500 fell by 3.9 percent, and the Dow Jones Industrial Average declined by 2.1 percent compared to August 2020.
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.