Zona de Azar USA – AGEM Index Increases 7.7 % in November
USA.- November 2nd 2023 www.zonadeazar.com The AGEM Index increased by 77.65 points to 1,089.00 in November 2023, a 7.7 percent increase from the prior month.
Compared to one year ago, the index was up 183.05 points, or 20.2 percent. During the latest month, seven of the 12 AGEM Index companies reported stock price increases, which resulted in seven positive contributions and five positive contributions to the AGEM Index.
The largest positive contribution to the monthly index was sourced to Aristocrat Leisure Limited (ASX: ALL), whose 5.4 percent increase in stock price led to a 39.01-point gain for the index. Meanwhile, Light & Wonder Inc. (Nasdaq: LNW) saw its stock price increase by 20.9 percent, leading to a 38.09-point gain for the index.
The largest negative contribution to the index was sourced to Konami Corp. (TYO: 9766), whose 5.7 percent decrease in stock price resulted in a 5.26-point loss to the AGEM Index.
All three major U.S. stock indices increased in November 2023. The NASDAQ rose by 10.7 percent over the month, while the S&P 500 grew by 8.9 percent. Meanwhile, the Dow Jones Industrial Average increased by 8.8 percent from the prior month.
Note: In April 2023, Crane NXT, Co. separated from Crane Company. The listed stock price prior to that date is a pro forma calculated estimate.
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.
Edited by: @MaiaDigital www.zonadeazar.com