Stock price increases of Konami Corp and Crane Co. were the main drivers of a 2.45 point increase of the AGEM Index in March.
The index, compiled by the U.S. Association of Gaming Equipment Manufacturers (AGEM), comprises 12 global gaming suppliers throughout the world.
During the latest reporting period, nine of the AGEM Index companies reported stock price declines, with three posting an increase.Â
Those results translated to seven companies posting negative contributions to the index and five companies reporting positive contributions.
Konami was the top contributor, which reported a 22.39 point index gain as a result of a 19.6 percent increase in stock price. Crane Co. reported an 8.74 point gain to the index due to a 7.1 percent increase in the company’s stock price.
The largest negative contribution was a result of International Game Technology, which saw a 19.4 percent decline in stock price, which led to a 19.41 point decrease in the AGEM Index.
This index reached 955.40, a 0.3 percent increase from the previous month. Compared to a year ago, the index was up 25 percent.
