In February 2022, the AGEM Index improved by 27.08 points to 952.95, marking a 2.9 percent increase from January. Compared to one year ago, the index added 201.16 points for an annual growth rate of 26.8 percent.
During the latest reporting period, nine of the AGEM Index companies reported stock price increases, with three posting a decline. As a result, eight companies posted positive contributions to the index, while one posted no change and the remaining three companies had negative contributions.
The top contributor to the monthly index was International Game Technology PLC (NYSE: IGT), whose 14.4 percent increase in stock price led to a 17.29-point gain for the index. Scientific Games Corporation (Nasdaq: SGMS) reported a 10.51-point contribution to the index as a result of a 9.1 percent increase in overall stock price. The largest negative contribution to the index was sourced to Aristocrat Leisure Limited (ASX: ALL), whose 7.6 percent drop in stock price resulted in a 17.49-point decrease in the AGEM Index.
In the latest reporting period, all three major U.S. stock indices declined once again. The S&P 500 declined 3.1 percent, while the NASDAQ fell by 3.4 percent. The Dow Jones Industrial Average experienced the largest dip among major U.S. stock indices with a 3.6 percent decline in February 2022.
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.
About AGEM
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.
