The Association of Gaming Equipment Manufacturers (AGEM) Index was down 5.54 points in January 2020 to 540.50 points, a percentage point lower than December 2019.
The drop was driven by stock-price declines for 10 of the 13 AGEM Index companies. The overall decline in the monthly index was offset by strong gains by Aristocrat Leisure Limited, which climbed 7.5 percent, accounting for a 6.22-point contribution to the AGEM Index, while Agilysys experienced a 27.90 percent stock-price gain that led to an index contribution of 3.49 points.
The major stock indices decreased as the Dow Jones Industrial Average and the S&P 500 experienced monthly declines of 1.0 percent and 0.2 percent, respectively. The NASDAQ also experienced a gain of 2.0 percent.
The AGEM Index rose a substantial 16.6 percent over January 2019.
The AGEM Index comprises 13 gaming suppliers throughout the world. A total of nine suppliers are based in the United States and are listed on the NYSE, Nasdaq or OTC market, while two trade on the Australian exchange, one on the Tokyo exchange, and another trades on the Taiwan OTC exchange.
The AGEM Index is produced monthly for the organization by the Las Vegas-based Applied Analysis, an advisory services firm that provides consultation services for public and private entities in economics, information technology and finance.
