AGEM reaches all-time high in August

AGEM-JUL'21

The AGEM Index reached an all time high in August to 1012.89, representing a 9.5 percent gain from July 2021, due to increases in stock prices for AGEM index companies across the board, particularly Aristocrat. 

The Association of Gaming Equipment Manufacturers (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. 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.

The growth in the AGEM Index in August was due largely in part to a 9.7 percent increase in the stock price of Aristocrat Leisure Limited (ASX: ALL), which rose from $41.64 to $45.67. 

The stock was responsible for a 26.73-point increase in the AGEM Index’s monthly growth. Other significant index contributors were Konami Corp. (TYO: 9766), which added 21.64 points due to a 14.7 percent rise in stock price, and Scientific Games Corporation (NASDQ: SGMS), which contributed 21.45 points with a 17.2 percent stock price increase.