Supplier News
US – AGEM Index drops in September
By Phil - 15 October 2015
In September 2015, the AGEM Index fell to 183.34, which represents a decline of 7.10 points, down 3.7 per cent compared to August 2015.
The latest period represents the second consecutive month-to-month decline in value and the fifth monthly decline since the beginning of the year. Compared to a year ago, the AGEM Index fell 4.16 points, down 2.2 per cent, representing the fourth year-over-year decline this year.
During September, seven of the 13 global gaming equipment manufacturers reported month-to-month declines in stock price, with four down by more than five percent. Of the five manufacturers that reported monthly gains in stock price, three were up by more than 10 per cent, with two reporting increases of more than 20 percent. The remaining manufacturer, Galaxy Gaming reported no change in stock price from August 2015 to September 2015.
The broader stock markets reported similar directional trends to the AGEM Index in September 2015. The Dow Jones Industrial Average ended the month at 16,284.70, which represents a decline of 1.5 percent compared to August 2015. The S&P 500 reported a 2.6 per cent decline, falling to 1,920.03. Meanwhile, NASDAQ reported the largest decline of the three major indices, falling 3.3 per cent from 4,776.51 to 4,620.16.
Aristocrat Technologies reported a stock price of AU$8.61, up two per cent and contributed 1.59 points to the index. Due to an 11.8 per cent increase in stock price to €1.70, Intralot contributed 0.42 points. Astro Corp. contributed 0.25 points, due to a 40.1 per cent increase in stock price to NT$23.60. Crane contributed negative 3.75 points, due to an 11.3 per cent decline in stock price to $46.61. International Game Technology reported a stock price of $15.33, down 9.7 per cent and contributed negative 3.63 points. Due to a three per cent decline in stock price to ¥2,583, Konami Corp contributed negative 1.15 points.
