The AGEM Index reached another record high in March. The composite index stood at 361.28 points at the close of March 2017, an increase of 9.84 points, or 2.8%, when compared to February 2017. The AGEM Index reported a year-over-year increase for the 18th consecutive month, rising 136.93 points, or 61%, when compared to March 2016.
During the latest period, nine of the 13 global gaming equipment manufacturers reported month-to-month increases in stock price, with three up by more than 10%. Four manufacturers reported decreases in stock price during the month with three experiencing double-digit losses.
Selected positive contributors to the March 2017 AGEM Index included the following:
– Aristocrat Technologies (ALL) contributed 8.58 points due to an 8.25% increase in stock price to AU$17.97.
– Scientific Games Corporation (SGMS) reported a 14.53% increase in stock price, rising to $23.65 and contributing 3.91 points.
– Crane Co. (CR) contributed 2.02 points due to a 3.51% increase in stock price to $74.83.
Selected negative contributors included the following:
– With its stock price falling 12.22% to $23.70, International Game Technology (IGT) contributed negative 7.52 points.
– Gaming Partners International (GPIC) contributed negative 0.13 points to the index due to a 12.51% decline in stock price to $10.00.
The AGEM Index is produced by The Association of Gaming Equipment Manufacturers (AGEM) and comprises 13 global gaming suppliers throughout the world. A total of eight suppliers are based in the United States and are listed on the NYSE, Nasdaq or OTC market, while two trade on the Australian exchange, one supplier trades on the Athens exchange, one on the Tokyo exchange and another on the Taiwan OTC 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.
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