USA.- October 25, 2023 www.zonadeazar.com The AGEM Index decreased by 51.38 points to 1,055.70 in September 2023, a 4.6 percent decline from the prior month.
Compared to one year ago, the index was up 315.92 points, or 42.7 percent. During the latest month, 11 of the 12 AGEM Index companies reported stock price decreases, which resulted in 11 negative contributions and one positive contribution to the AGEM Index.
The largest negative contribution to the monthly index was sourced to Konami Corp. (TYO: 9766), whose 6.7 percent decrease in stock price led to a 16.50-point loss for the index. Meanwhile, Light & Wonder Inc. (Nasdaq: LNW) saw its stock price fall by 7.0 percent, leading to a 11.50-point loss for the index. The lone positive contribution to the index was sourced to Ainsworth Game Technology (ASX: AGI), whose 5.2 percent increase in stock price resulted in an 0.24-point gain to the AGEM Index.
All three major U.S. stock indices declined in September 2023. The NASDAQ declined by 5.8 percent over the month, while the S&P 500 fell by 4.9 percent. Meanwhile, the Dow Jones Industrial Average decreased by 3.5 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 @pererarte www.zonadeazar.com