AGEM Index Down 9.7 Percent in April

The Association of Gaming Equipment Manufacturers’ stock performance index for April was down 9.7 percent, with the biggest contributor to the decline being a decline in Aristocrat share price.

AGEM Index Down 9.7 Percent in April

The AGEM Index, a monthly stock performance report on gaming suppliers released by the Association of Gaming Equipment Manufacturers, logged a 9.7 percent decline, from 957.18 points in March to 864.42 points in April.

During the latest reporting period, 11 of the AGEM Index companies reported stock price declines, with only one company posting an increase. As a result, all 12 companies in the AGEM Index posted negative contributions to the overall index, ending a three-month period of upward growth.

The largest negative contributor to the monthly index was Aristocrat Leisure Limited (ASX: ALL), which reported a 47.42-point index loss as a result of an 8.3 percent decline in stock price. International Game Technology PLC (NYSE: IGT) contributed an 11.4-point loss to the index due to a 11.6 percent drop in the company’s stock price.

Despite a 3.7 percent increase in stock price over the period for Konami Corp. (TYO: 9766), a weakened exchange rate between the United States dollar and the Japanese yen led to a 5.19-point loss for the index. In the latest reporting period, all three major U.S. stock indices observed declines.

Compared to one year ago, the index added 3.99 points for an annual growth rate of 0.5 percent.