Following a precipitous decline of 156 points in March, the Association of Gaming Equipment Manufacturers (AGEM) Index increased by 63.52 points in April to 376.04 points, a 20.3 percent gain month over month. Eleven of the 13 Index companies reported significant stock-price increases as global markets began to recover from the shocks of gaming-industry shutdowns, historic unemployment, and a widening economic freeze due to the Covid-19 pandemic.
The stock price for Aristocrat Leisure Ltd. increased by 19.4 percent, accounting for a 40.13-point improvement in the index, while International Game Technology jumped 26.7 percent, leading to an index contribution of 5.82 points. The AGEM Index outperformed all three major U.S. stock indices.
The Index comprises 13 gaming suppliers throughout the world. Nine of them are based in the United States and are listed on the NYSE, NASDAQ or OTC markets, while two trade on the Australian exchange, one on the Tokyo exchange, and another on the Taiwan OTC exchange.
The AGEM Index is produced monthly for the organization by Las Vegas-based Applied Analysis, an advisory services firm that provides consultation services for public and private entities in economics, information technology and finance.
