Manufacturer stock prices plunge in October

All Asian companies measured on the AGEM Index showed monthly and annual declines in stock values.  

Asia.- Asian manufacturers fared poorly on the market in October, as the AGEM Index shows the first month of decline since the beginning of the pandemic.  

Stock prices measured by the Association of Gaming Equipment Manufacturers (AGEM) showed a 6.8 per cent monthly decrease and a 2.5 per cent drop year-on-year.  

The index’s value stood at 494.82 points in October, down by more than 36 points from September.  

The Association said: “Overall, most AGEM Index companies reported decreases in stock price during the month, with five trending positively and eight moving negatively.” 

The stock price of Aristocrat Leisure experienced a 4.5 per cent decrease, contributing 15.96 points to the general decline of the index.  

The stock price for Konami dropped by 10.4 per cent, accounting for a 9.80 point decrease in the Index. 

Ainsworth Game Technology dropped 13.6 per cent month-to-month and over 64.4 per cent since October 2019. Scientific Games Corp. saw a 8.7 per cent fall on September and 32.9 per cent year-on-year.

Finally, Taiwan’s Astro Corp. experienced a 0.4 per cent drop in its stock prices in October, and lost 13.5 points compared to the same month in 2019.