After rising 31.17 points or 3% from September, the index reached a record 1,077.92 points. Compared to 2020, the index has more than doubled for an annual growth rate of 117.6%. Aristocrat was the largest contributor to the growth adding 15.06 points to the index. All three major US stock indices increased over the month.
In October 2021, the AGEM Index improved by 31.17 points to a new high of 1,077.92, marking a 3.0% increase from the prior month. Compared to one year ago, the index has more than doubled from 495.31 for an annual growth rate of 117.6%.
In the latest period, a majority of AGEM Index companies reported increases in stock price, with seven posting positive contributions, three recording negative contributions, and one seeing no change from the prior period.
The largest impact to the index was attributed to Aristocrat Leisure Limited. While its stock reported a 0.6% decline, Aristocrat added 15.06 points to the index due to an increase in outstanding shares that were used for equity raising to fund a new acquisition coupled with an improvement in the exchange rate between the Australian dollar and the U.S. dollar.
International Game Technology (IGT) was also a significant contributor to the monthly growth in the index, adding 13.82 points as the result of a 12.0% rise in stock price. The largest negative contributor to the index was Scientific Games Corporation whose 3.6% drop in stock price led to a 5.32-point decrease in the AGEM Index.
All three major U.S. stock indices increased over the month, with the NASDAQ and the S&P 500 growing by 7.5% and 6.9%, respectively. Meanwhile, Dow Jones Industrial Average experienced a 5.9% increase.
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 an 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.
https://www.yogonet.com/international/noticias/2021/11/05/60075-agem-index-hits-an-all-time-high-of-1_077-points-in-october