A 0.15 point increase in the AGEM Index of prices of shares in makers of gaming equipment was recorded for the month of February. The AGEM Index of prices of shares in makers of gaming equipment in February recorded 463.73 points which is a 0.03% increase from the previous month.
In 2018 the AGEM index for February was 9.7% less than that of 2019.
The index for the Association of Gaming Equipment Manufacturers (AGEM) is recorded and compiled by the Applied Analysis of the United States which is an association representing businesses across the globe which supply gaming equipment, lotteries, parts, and related items, especially to the global gaming industry.
Of all the 14 stocks the AGEM index tracked, nine of them registered an increase in prices in February, while five dropped in comparison with the prices in January.
The shares of the Scientific Games Corp of the United States witnessed an increase of 15.96 percent. This significant rise in prices contributed 6.47 points to the index making it a leading contributor ahead of any other stock.
The increase in the price of shares of the Us-based International Game Technology Plc (IGT) was also significant. It registered an increase of 5.44% which added 2.91% to the AGEM index.
Amongst the top losers is the Japan-based Konami Corp which affected the index by straightaway cutting 8.77 points.
As far as the distribution of the stocks tracked by the AGEM index is concerned, a majority of them are listed in the US. Of the 14 stocks tracked ten are listed in the US, two in Australia and one each in Japan and Taiwan.
According to the experts, the rise in the AGEM index mirrors the upward trend in the main gauges of US stocks. All major stocks witnessed an increase including the Dow Jones Industrial Average, the S&P 500 Index, and the NASDAQ index all of them registering a positive increase by 3.7%, 3%, and 3.4% respectively.
With a base of 100 points set in January 2005, the AGEM index is a reflection of the prices of the stocks which are tracked at the end of each month. The stocks tracked are adjusted for dividends and splits and are given points based on their estimated market capitalization.