Zona de Azar USA – AGEM Index Increases in April 2023, Led by Crane NXT and Konami Corp.
USA.- May 9th 2023 www.zonadeazar.com The AGEM Index, produced by the Association of Gaming Equipment Manufacturers (AGEM), rose by 25.71 points in April 2023 to 971.52, marking a 2.7 percent increase from the previous month. Compared to the same period the previous year, the index rose by 109.10 points, or 12.7 percent.
During the latest month, six out of the 12 companies included in the AGEM Index reported an increase in stock prices, leading to six positive contributions to the index and six negative contributions.
Crane NXT, Co. (NYSE: CXT) made the largest positive contribution to the monthly index with a 20.1 percent increase in stock price, resulting in a 12.39-point gain to the index. Crane NXT, Co. separated from Crane Company and became an independent publicly traded company on April 3, 2023, which played a role in the latest performance.
Meanwhile, Konami Corp. (TYO: 9766) saw a 10.2 percent increase in stock price, leading to an 11.16-point gain for the index. The largest negative contribution to the index was sourced to Everi Holdings Inc. (NYSE: EVRI), whose stock price decreased by 11.4 percent and resulted in a 3.54-point loss for the AGEM Index.
In April 2023, all three major U.S. stock indices saw month-over-month increases for the second consecutive period. The Dow Jones Industrial Average increased by 2.5 percent from March, while the S&P 500 grew by 1.5 percent. Meanwhile, the NASDAQ increased by 0.04 percent from the prior period.
It is important to note that Crane NXT, Co. separated from Crane Company in April 2023, and the listed stock price prior to that date is a pro forma calculated estimate.
The AGEM Index comprises 12 global gaming suppliers throughout the world, with nine based in the United States and listed on the NYSE, Nasdaq, or OTC market. The remaining three companies trade on the Australian and Tokyo exchanges.
The index is computed based on the month-end stock price of each company, adjusted for dividends and splits, and weighted based on an approximation of market capitalization.
Market capitalizations for manufacturers trading on foreign exchanges are 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, and 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
