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AGEM Index sees slight growth in August

Tuesday, 12 September 2017 07:05
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The AGEM Index – a monthly stock performance guide comprising 13 global gaming suppliers and produced by the Association of Gaming Equipment Manufacturers – saw a very 1.82% increase in August 2017.

The composite index stood at 431.66 points at the close of the month, which represents an increase of 7.74 points when compared to July 2017. Although small, it represented a year-over-year increase for the 23rd consecutive month for the AMEX Index, climbing 145.26 points, or 50.7%, since August 2016.

Eight of the 13 global gaming equipment manufacturers reported month-to-month increases in stock price in August, with three up by more than 10%. They were led by Las Vegas-based table game and technology manufacturer Galaxy Gaming Inc, which rose 10.81% to US$0.82, while Australian slot machine developer Ainsworth Game Technology grew 10.37% to AU$2.66.

Aristocrat Leisure grew 4.87% to AU$21.17 with IGT up 6.99% to US$20.37.

Among those to suffer declines were Scientific Games, which fell 4.99% to US$35.20.

 

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