AGEM Index sees 6.8% monthly decline in October

The AGEM Index dropped by 36.05 points in October 2020 to 494.82 points, a 6.8 percent loss from September 2020 and a 2.5 percent decline compared to the same month of the prior year.

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 Limited saw a 4.5 percent decrease, contributing 15.96 points to the AGEM Index's October decline. Additionally, the stock price for Konami Corp. dropped by 10.4 percent, accounting for a 9.80-point decrease in the AGEM Index.

The major stock indices decreased in October, as well. The Dow Jones Industrial Average declined by 3.5 percent, and the NASDAQ fell by 2.7 percent. Meanwhile, the S&P 500 dropped by 1.9 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 beenconverted 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.