AGEM Index firms see stock price jump in May as markets rebound from the pandemic

The AGEM Index increased by 26.84 points in May to 402.89 points, a 7.1 percent gain from April 2020, and a 16.6 percent drop as compared to the same month of the prior year. Ten of the 13 AGEM Index companies reported stock price increases as global markets continued to rebound from the COVID-19 pandemic. 

The stock price for Konami Corp. climbed by 11.2 percent, accounting for a 7.95-point improvement in the AGEM Index, while Scientific Games Corporation saw a 24.7 percent stock price jump that led to an index contribution of 5.87 points.

All three major U.S. stock indices increased as the Dow Jones Industrial Average and the S&P 500 grew by 4.3 percent and 4.5 percent, respectively. The NASDAQ also experienced a gain of 6.8 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.