June 2024 |The AGEM Index increased by 94.57 points to 1,330.19 in June 2024, a 7.7 percent increase from the prior month. Compared to one year ago, the index climbed 26.6 percent to 279.43 points. During the latest month, nine of the 12 AGEM Index companies reported stock price increases, which resulted in nine positive contributions and three negative contributions to the AGEM Index.
The largest positive contributor to the monthly index was Aristocrat Leisure Limited (ASX: ALL), whose 10.8 percent increase in stock price led to a 55.08-point gain to the index. Meanwhile, Light & Wonder Inc. (NASDAQ: LNW) saw its stock price increase by 9.8 percent, leading to a 21.97-point gain for the index. The largest negative contributor to the index was Crane NXT, Co. (NYSE: CXT), whose 2.9 percent decrease in stock price resulted in a 2.36-point loss to the AGEM Index.
In June, all three major U.S. stock indices increased from the prior period. The NASDAQ grew by 5.9 percent over the month, while the S&P 500 rose by 3.5 percent. Additionally, the Dow Jones Industrial Average increased by 1.1 percent from the prior month.
The AGEM Index
The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index that comprises 12 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 and one on the Tokyo 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 been converted 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. Company stock prices and AGEM Index contributions may be revised as necessary due to stock splits, reverse stock splits, mergers, acquisitions and other business activities.
