T
he Association of Gaming Equipment Manufacturers (AGEM) has released its monthly AGEM Index, which increased by 61.16 points in August 2020 to 482.02 points, a 14.5 percent gain from July 2020.
Ten of the 13 AGEM Index companies reported stock price increases as global markets continued to trend positively amid the COVID-19 pandemic.
The stock price for Aristocrat Leisure Limited increased by 8.4 percent, accounting for a 23.89-point improvement in the AGEM Index, while Konami experienced a 27.1 percent stock price jump that led to an index contribution of 21.26 points.
All three major U.S. stock indices increased as the Dow Jones Industrial Average grew by 7.8 percent and the S&P 500 grew by 7.4 percent. Meanwhile, the NASDAQ grew by 10.8 percent compared to July 2020.
The Association of Gaming Equipment Manufacturers 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 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.