August Market Take: AGEM Reports Dynamic Gains from Manufacturing Segment
Published September 26, 2020 by Lee R
Another key market indicator that is still not well known is AGEM, which provided great news for August.
A key market index for gaming has published strong gains for August.
Positive August Gains
The Association of Gaming Equipment Manufacturers AGEM released the August 2020 index indicating a 14.5% sequential gain from July 2020.
Points Tally
The AGEM index points tally was up 61.16 points from July to an August 2020 total of 482.02 points.
Mostly Strong Individuals
Further, ten of the 13 AGEM Index companies reported stock price increases amidst generally positive upward trends against the COVID-19 pandemic economic impact.
Index Leaders
Strong individual stock performance showings were turned in by Aristocrat Leisure Limited (ASX: ALL), which increased by 8.4 percent on the base of a 23.89-point improvement in the AGEM Index; and Konami Corp. (TYO.9766) jumping 27.1 percent in stock price an index contribution of 21.26 points.
Indices
All three major U.S. stock indices for AGE increased, with the Dow Jones Industrial Average growing 7.8 percent; the S&P 500 growing 7.4 percent; and the NASDAQ growing 10.8 percent month-on-month.
About AGEM
The Association of Gaming Equipment Manufacturers AGEM produces the monthly AGEM Index, and is a vital and relatively underutilized tool for reflective data on the gaming industry.
The Data
This hidden trove of data is comprised of the 13 global gaming suppliers throughout the world, with nine suppliers based in the United States and listed on the NYSE, Nasdaq or OTC market; with two more on the Australian exchange; one on the Tokyo exchange, and one the Taiwan OTC exchange.
The Index System
The AGEM Index is a 100-point valuation system.
The data is compiled based on the individual stock prices of each company at the end of the month; adjusted for dividends and splits; and weighted based on approximation of market capitalization, with capitalizations for manufacturers trading on foreign exchanges 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.
The AGEM Approach
The following of the publishing of this index and the gains to be established from observers further the mission of the AGEM as a dynamic international trade association reflecting the global community marketplace of manufacturers of electronic gaming devices, systems, lotteries, and gaming components.
Outlook
The AGEM remains a veritable untapped resource to gain competitive edge for gaming stakeholders.
