Doubles Sept. 2020
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fter reaching an all-time high in August, AGEM Index continued its upward trend in September 2021, rising 33.86 points to a new record of 1,046.74.
Compiled by the Association of Gaming Equipment Manufacturers (AGEM), the data shows that the monthly rise in the index was driven by gains from five companies, which overcame negative index contributions by the other seven companies.
The top contributor to the monthly index this September was International Game Technology (IGT), whose 22.5% increase in stock price led to a 23.20-point gain. Scientific Game Corporation also helped the overall growth, adding 22.67 points as the result of a 14.8% rise in stock price.
The largest negative contributor to the index was Konami Corporation, whose 7.1% drop in stock price led to a 12.14-point decrease in the index.
Back in September 2020, with the pandemic at its highest, numbers were half of what they are now, reaching only 525.44 points.
All three major U.S. stock indices decreased over this past month, with the NASDAQ and the S&P 500 experiencing declines of 5.7% and 5.0%, respectively. The Dow Jones Industrial Average experienced a 4.3% decline.
August 2021 reached 1,012.89 points after an increase by 87-57 points, a 9.5% gain from July 2021, marking the start of the upward trend. The growth was mainly due to the 9.7% increase of the Australian slot machine supplier, Aristocrat Leisure Limited, which rose from $41.64 to $45.67. This had as a result an increase of 26.73 points.
