The AGEM Index improved by 55.72 points to 751.79 points in February 2021, an 8.0 percent growth rate over January 2021. During the latest period, all but one company in the AGEM Index reported increases in their stock prices over the month.
The AGEM Index's monthly growth was driven by a significant gain in the stock price of Agilysys (AGYS). The company's stock price climbed by 62.0 percent and contributed 15.09 points to the AGEM Index. Another strong performer for the month was Scientific Games Corporation (SGMS), whose stock price increased 19.4 percent and contribution 14.94 points to the index's monthly rise.
The major stock indices performed well as the Dow Jones Industrial Average and the S&P 500 experienced monthly growth of 3.2 percent and 2.6 percent, respectively. The NASDAQ experienced a gain of 0.9 percent.
The AGEM Index
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. Company stock prices and AGEM Index contributions may be revised as necessary due to stock splits, reverse stock splits, mergers, acquisitions and other business activities.