AGEM Index down 12.5% in July year-over-year

The AGEM Index decreased in July 2019 by 10.38 points to 494.96 points, a 2.1 percent drop from June 2019, and 12.5% down versus the same month of the prior year. The AGEM Index's July 2019 decline was driven by an 8.1 percent decrease in the stock price of Konami Corp., which fell from ¥5,050 to ¥4,640. The stock was responsible for 8.26 points of the AGEM Index's monthly drop.

Aristocrat Leisure Limited experienced a 0.2 percent stock price drop from AU$30.72 to AU$30.65, which led to a contribution of negative 5.85 points. Overall, most AGEM Index companies reported increases in stock price during the month, with eight trending positively and five moving negatively. 

The major stock indices also performed well as the Dow Jones Industrial Average and the S&P 500 experienced monthly gains of 1.0 percent and 1.3 percent, respectively, while the NASDAQ grew by 2.1 percent.

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.