Supplier News

US – AGEM index falls in October

By Phil - 15 November 2018

The AGEM Index decreased in October 2018, finishing the month at 452.16 points, marking a decline of 40.87 points or 8.29 per cent, compared to September 2018.

The AGEM Index reported a year-over-year decrease for the first time after 36 consecutive months of year-over-year increases. The AGEM Index decreased by 23.18 points, or 4.88 percent, on a year-over-year basis.

During the latest period, two of the 13 global gaming equipment manufacturers reported month-to-month increases in stock price. Eleven manufacturers reported decreases in stock price during the month.

The major stock market indices saw declines during the month. The S&P 500 reported a month-to-month decrease of 6.94 percent to 2,711.74. The Dow Jones Industrial Average dropped 5.07 percent to 25,115.76, while the NASDAQ decreased 9.20 percent during the period to 7,305.90.

Positive contributors to the October 2018 AGEM Index included Astro Corp. from Taiwan who contributed 0.10 points due to a 15.92 per cent increase in stock price to NT$ 18.20 and TransAct Technologies (TACT) reported a 2.08 percent increase in stock price to $14.70, contributing 0.04 points.

With its stock price falling 6.82 per cent to AU$ 26.50, Aristocrat Leisure contributed negative 16.39 points.

Crane Co. (CR) reported a 11.50 percent decrease in stock price to $87.04, contributing negative 9.67 points.