The AGEM Index improved by 8.96 points in January 2021 to 696.08 points, a 1.3 percent gain from December 2020. Overall, the majority of companies in AGEM Index reported declines in stock price over the month, with eight trending negatively and five moving positively.
The AGEM Index's monthly growth was due in large part to an increase in the stock price of Konami Corp. (TYO:9766). The company's stock price increased by 13.4 percent and contributed 18.22 points to the AGEM Index's January gain. Additionally, the stock price for Ainsworth Game Technology (ASX:AGI) increased 66.7 percent, which led to an index contribution of 2.47 points.
Change for the major stock indices was mixed during the month. The Dow Jones Industrial Average and the S&P 500 declined by 2.0 percent and 1.1 percent, respectively, while the NASDAQ grew by 1.4 percent.
The AGEM Index
The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index that comprises 13 global 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 index is computed based on the month end stock price (adjusted for dividends and splits) of each company and weighted based on approximation of market capitalization. Market capitalizations for manufacturers trading on foreign exchanges have been converted to US dollar-equivalents as of month-end for comparability purposes. The AGEM Index is based on a 100-point value as of January 2005. Company stock prices and AGEM Index contributions may be revised as necessary due to stock splits, reverse stock splits, mergers, acquisitions and other business activities.
