September 2021: The AGEM Index continued its upward trend in September 2021, rising 33.86 points to a new high of 1,046.74. Over the past year, the AGEM Index has nearly doubled from 525.44 points in September 2020. The 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 PLC (NYSE: IGT), whose 22.5 percent increase in stock price led to a 23.20-point gain for the index. Scientific Games Corporation (Nasdaq: SGMS) was also a significant contributor to the overall growth in the index, adding 22.67 points as the result of a 14.8 percent rise in stock price. The largest negative contributor to the index was Konami Corporation (TYO: 9766), whose 7.1 percent 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 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.
About AGEM
AGEM is an international trade association representing manufacturers of electronic gaming devices, systems, lotteries, and components for the gaming industry. The Association works to further the interests of gaming equipment manufacturers throughout the world. Through political action, tradeshow partnerships, information dissemination and good corporate citizenship, the members of AGEM work together to create benefits for every company within the organization. Together, AGEM and its member organizations have assisted regulatory commissions and participated in the legislative process to solve problems and create a positive business environment.
