AGEM Index sees 1.3 percent monthly increase in January

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AGEM Index sees 1.3 percent monthly increase in January
T he Association of Gaming Equipment Manufacturers (AGEM) has announced that its AGEM Index improved by 8.96 points in January 2021 to 696.08 points, a 1.3 percent gain from December 2020. Overall, the majority of companies in AGEM Index reported declines in stock price over the month, with eight trending negatively and five moving positively. The […]

T he Association of Gaming Equipment Manufacturers (AGEM) has announced that its AGEM Index improved by 8.96 points in January 2021 to 696.08 points, a 1.3 percent gain from December 2020. Overall, the majority of companies in AGEM Index reported declines in stock price over the month, with eight trending negatively and five moving positively. The AGEM Index's monthly growth was due in large part to an increase in the stock price of Konami. The company's stock price increased by 13.4 percent and contributed 18.22 points to the AGEM Index's January gain. Additionally, the stock price for Ainsworth Game Technology increased 66.7 percent, which led to an index contribution of 2.47 points. Change for the major stock indices was mixed during the month. The Dow Jones Industrial Average and the S&P 500 declined by 2.0 percent and 1.1 percent, respectively, while the NASDAQ grew by 1.4 percent. AGEM produces the monthly AGEM Index that comprises 13 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, one on the Tokyo exchange, and another trades on the Taiwan OTC exchange.  .
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