The Association of Gaming Equipment Manufacturers announced that the AGEM Index of stocks gained 1.1 percent in June, increasing 4.53 point to 407.41 points after a three-month roller coaster of ups and downs.
Six of the 13 AGEM Index companies reported stock-price increases amid ongoing uncertainty about the global economy and the effects of the Covid-19 pandemic. The stock price for Aristocrat Leisure Limited (ALL) decreased 0.9 percent due to the Australian dollar strengthening against the U.S. dollar. In turn, this accounted for a 5.06-point rise in the AGEM Index. Crane Co. (CR) experienced a 6.7 percent stock price jump, leading to an index contribution of 3.93 points.
By comparison to the AGEM’s 1.1 percent growth, the Dow Jones Industrial Average grew by 1.8 percent and the S&P 500 grew by 1.7 percent. The NASDAQ, on the other hand, jumped a significant 6 percent month over month.
The AGEM 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 market, while two trade on the Australian exchange, one on the Tokyo exchange, and another trades on the Taiwan OTC exchange.
The Index is produced monthly for the organization by the Las Vegas-based Applied Analysis, an advisory services firm that provides consultation services for public and private entities in economics, information technology and finance.
