Zona de Azar USA – AGEM Index Increases 7.7 Percent in May
USA.- July 4, 2024 www.zonadeazar.com The AGEM Index surged by 94.57 points to reach 1,330.19 in June 2024, marking a significant 7.7 percent increase from the previous month. This substantial rise reflects a robust performance compared to the same period last year, where the index escalated by 26.6 percent to 279.43 points.
During the latest reporting period, nine out of the 12 AGEM Index companies reported gains in their stock prices, contributing positively to the overall index performance.
Notably, Aristocrat Leisure Limited (ASX: ALL) emerged as the top performer, with a remarkable 10.8 percent increase in its stock price, adding 55.08 points to the index.
Similarly, Light & Wonder Inc. (NASDAQ: LNW) saw a significant uptick of 9.8 percent in its stock price, resulting in a 21.97-point gain for the AGEM Index. Conversely, Crane NXT, Co. (NYSE: CXT) experienced a 2.9 percent decline in its stock price, which contributed to a minor 2.36-point decrease in the AGEM Index.
In addition to the AGEM Index’s strong performance, major U.S. stock indices also saw gains in June. The NASDAQ increased by 5.9 percent, the S&P 500 rose by 3.5 percent, and the Dow Jones Industrial Average saw a 1.1 percent uptick from the previous month.
About the AGEM Index and AGEM
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.
AGEM is an international trade association representing manufacturers of electronic gaming devices, systems, lotteries, and components for the gaming industry. The Association works to further the interests of gaming equipment manufacturers throughout the world. Through political action, tradeshow partnerships, information dissemination and good corporate citizenship, the members of AGEM work together to create benefits for every company within the organization. Together, AGEM and its member organizations have assisted regulatory commissions and participated in the legislative process to solve problems and create a positive business environment.
This strong performance underscores the resilience and growth within the gaming equipment manufacturing sector, positioning the AGEM Index as a critical barometer of industry health and investor sentiment.
Edited by: @MaiaDigital www.zonadeazar.com
