Zona de Azar USA – AGEM Index Increases 12.91 Points in August

USA.- September 07, 2023 www.zonadeazar.com The AGEM Index increased by 12.91 points to 1,107.07 in August 2023, a 1.2 percent increase from the prior month. Compared to one year ago, the index was up 275.57 points, or 33.1 percent.

During the latest month, seven of the 12 AGEM Index companies reported stock price increases, which resulted in seven positive contributions and five negative contributions to the AGEM Index.

The largest positive contribution to the monthly index was sourced to Light & Wonder Inc. (Nasdaq: LNW), whose 9.1 percent increase in stock price led to a 15.10-point gain to the index. Meanwhile, Konami Corp. (TYO: 9766) saw its stock price increase by 6.1 percent, leading to a 6.99-point gain for the index. The largest negative contribution to the index was sourced to International Game Technology PLC (NYSE: IGT), whose 5.4 percent decrease in stock price resulted in an 8.16-point loss for the AGEM Index.

All three major U.S. stock indices declined in August 2023. The Dow Jones Industrial Average declined by 2.4 percent over the month, while the NASDAQ fell by 2.2 percent. Meanwhile, the S&P 500 decreased by 1.8 percent from the prior month.

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