Zona de Azar USA – AGEM Index Drops in May 2023, Konami Corp. and Crane NXT Contribute Positively
USA.- June 9th 2023 www.zonadeazar.com The AGEM Index, which tracks the performance of 12 global gaming suppliers, experienced a decline of 14.54 points in May 2023, settling at 956.98. This marks a 1.5 percent decrease compared to the previous month. However, when compared to the same period last year, the index showed a notable increase of 73.87 points, or 8.4 percent.
During the latest month, six out of the 12 AGEM Index companies reported stock price increases, leading to six positive contributions to the overall index. On the other hand, five companies made negative contributions, while one had a neutral impact.
Konami Corp. (TYO: 9766) made the largest positive contribution to the index, as its stock price rose by 10.5 percent, resulting in a gain of 14.08 points for the index. Crane NXT, Co. (NYSE: CXT) also had a significant positive impact, with an 11.1 percent increase in stock price contributing 8.02 points to the index.
However, International Game Technology PLC (NYSE: IGT) made the largest negative contribution to the index. Its stock price dropped by 12.8 percent, leading to a loss of 15.20 points for the AGEM Index.
In terms of the major U.S. stock indices, the NASDAQ saw a 5.8 percent increase in May, while the S&P 500 experienced a modest growth of 0.2 percent. In contrast, the Dow Jones Industrial Average witnessed a decrease of 3.5 percent compared to the previous month.
It’s worth noting that in April 2023, Crane NXT, Co. separated from Crane Company. Therefore, the listed stock price prior to that date is an estimated calculation.
The AGEM Index, produced by the Association of Gaming Equipment Manufacturers (AGEM), provides a snapshot of the performance of gaming suppliers worldwide. The index includes nine U.S.-based suppliers listed on the NYSE, Nasdaq, or OTC market, as well as two companies traded on the Australian exchange and one on the Tokyo exchange.
The index is calculated based on the month-end stock prices, adjusted for dividends and splits, and weighted according to market capitalization.
The market capitalizations of foreign-based manufacturers are converted to US dollar-equivalents for comparability. The AGEM Index began with a value of 100 points in January 2005 and may be adjusted due to various corporate activities such as stock splits, mergers, and acquisitions.
Edited by: @MaiaDigital www.zonadeazar.com
