AGEM Index suffers rare decline in July

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The AGEM Index reported its first decline in eight months in July, falling 70.06 points to 925.32 points due to significant declines in the stock prices of member companies.

The AGEM Index, compiled by the Association of Gaming Equipment Manufacturers (AGEM), is a monthly stock performance guide comprising 13 global gaming suppliers. It is calculated based on the month-end stock price of each company and weighted based on approximation of market capitalization.

Only three of the 13 member suppliers recorded stock price increases in July when compared to June, with Scientific Games, IGT and Taiwans Astro Corp among those to fall by more than 20%.

The three companies to book increases were Crane Co, up 5.3% increase, Transact Technologies up 21.3% and Galaxy Gaming Inc up 23.3%.

While the AGEM Index fell versus June, it still represented a 119.9% improvement over July 2020 in the midst of the COVID-19 pandemic.

The major stock indices all reported improved performances, with NASDAQ, the S&P 500 and the Dow Jones Industrial Average up 2.3%, 1.3% and 1.2% respectively.