Following a precipitous decline of 156 points in March and a 20.3 percent rebound of 63.52 points in April, the Association of Gaming Equipment Manufacturers (AGEM) Index increased by 26.84 points in May to 402.89, a 7.1 percent gain.
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. gained 11.2 percent, accounting for a 7.95-point improvement in the Index, while Scientific Games Corporation experienced a 24.7 percent jump that led to an index contribution of 5.87 points.
The AGEM Index upturn reflected a similar hike in all three major U.S. stock indices: The Dow Jones Industrial Average and the S&P 500 grew by 4.3 percent and 4.5 percent, respectively, while the NASDAQ experienced a gain of 6.8 percent.
The AGEM Index comprises 13 gaming suppliers throughout the world. Nine of them 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 produced monthly for the organization by the Las Vegas-based Applied Analysis, an advisory services firm that provides consultation services for public and private entities in economics, information technology and finance.
