AGEM Index falls in May

Five of the 12 AGEM Index companies saw stock price decreases.

Asia.- The AGEM Index ended May on 1,741.18 points. That’s a decrease of 1.11 points or 0.1 per cent sequentially but a rise of 40.9 per cent, or 505.56 points, year-on-year. Five companies saw stock price decreases, resulting in five negative contributions and seven positive contributions to the index.

The largest negative contributor was Aristocrat Leisure Limited, whose 6.6 per cent decrease in stock price resulted in a 41.03-point loss. Meanwhile, Agilysys saw its stock price increase by 42.5 per cent, leading to a 35.11-point rise for the index. The growth of Agilysys’s stock price was attributed to record full-year net revenue of US$275.6m, up 16.1 per cent in year-on-year terms.

Created by the Association of Gaming Equipment Manufacturers (AGEM), the index lists 12 global gaming suppliers. Nine are based in the United States and are listed on the NYSE, Nasdaq, or OTC market, while two are listed on the Australian exchange and one on the Tokyo exchange. The index is calculated using the month-end stock price of each company, adjusted for dividends and splits, and is weighted based on estimated market capitalisation.