Doubles Sept. 2020

AGEM Index continues upward trend in September with a new record

The top contributor to the monthly index was International Game Technology.
2021-10-06
Reading time 1:14 min
After rising 33.86 points or 3.3% the index reached 1,046.74 points, surpassing August's numbers, which had marked an all-time high. This represents a 97% year-over-year growth. IGT and Scientific Game Corporation drove growth this past month, with 23.20 and 22.67 points, respectively.

After 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.  

Leave your comment
Subscribe to our newsletter
Enter your email to receive the latest news
By entering your email address, you agree to Yogonet's Condiciones de uso and Privacy Policies. You understand Yogonet may use your address to send updates and marketing emails. Use the Unsubscribe link in those emails to opt out at any time.
Unsubscribe
EVENTS CALENDAR