AGEM Index Off Half a Percent in March
The AGEM Index decreased by 5.10 points in March 2023 to 945.81, a 0.5 percent decrease from the prior month. Compared to one year ago, the index was down 9.59 points, or 1.0 percent. During the latest month, six of the 12 AGEM Index companies reported stock price increases, which resulted in five positive contributions to the AGEM Index and seven negative contributions.
The largest positive contribution to the monthly index was sourced to Konami Corp. (TYO: 9766), whose 1.0 percent increase in stock price led to a 4.70-point gain to the index. Additionally, Aristocrat Leisure Limited (ASX: ALL) saw its stock price increase by 1.8 percent, leading to a 3.94-point gain for the index. The largest negative contribution to the index was sourced to Crane Co. (NYSE: CR), whose 5.2 percent decrease in stock price resulted in a 7.19-point loss for the AGEM Index.
All three major U.S. stock indices saw month-over-month increases in March 2023. The NASDAQ increased by 6.7 percent from February, while the S&P 500 grew by 3.5 percent. Meanwhile, the Dow Jones Industrial Average increased by 1.9 percent from the prior period.
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.
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.
About Applied Analysis
The AGEM index and overview is prepared by Applied Analysis (AA). AA is a Nevada-based advisory services firm providing consultation services for public and private entities. The company utilizes extensive experience in economics, information technology and finance to provide a wide range of services, including urban economic consulting, financial advisory services, market analysis, public policy analysis, hospitality industry and gaming consulting, and information system and technology consulting.
SOURCE: The Association of Gaming Equipment Manufacturers (AGEM).The Association of Gaming Equipment Manufacturers (AGEM), March 2023 Index