LAS VEGAS, April 09, 2018 (GLOBE NEWSWIRE) — The AGEM Index again experienced declines during March 2018. The composite index closed the month at 505.15 points, a drop of 8.32 points or 1.62 percent, when compared to February 2018. The AGEM Index reported a year-over-year increase for the 30th consecutive month and has climbed 134.87 points, or 36.87 percent, since March 2017.
During the latest period, seven of the 13 global gaming equipment manufacturers reported month-to-month increases in stock price. Six manufacturers reported decreases in stock price during the month, with one manufacturer posting a double-digit percentage decline.
The March performance of the AGEM Index paralleled the three major stock market indexes. The S&P 500 reported a month-to-month decrease of 2.69 percent to 2,640.87. The Dow Jones Industrial Average decreased 3.70 percent to 24,103.11, while the NASDAQ decreased 2.88 percent during the period to 7,063.45.
Positive contributors to the March 2018 AGEM Index included the following:
- PlayAGS Inc. (AGS) contributed 1.44 points due to a 12.31 percent increase in stock price to $23.26.
- International Game Technology PLC (IGT) reported a 0.87 percent increase in stock price to $26.73, contributing 0.68 points
Selected negative contributors included the following:
- With its stock price falling 2.39 percent to AU$24.06, Aristocrat Leisure Limited (ASX:ALL) contributed negative 5.80 points.
- Scientific Games Corporation (SGMS) reported a 6.41 percent decrease in stock price to $41.60, contributing negative 3.43 points.
Review the complete March 2018 AGEM Index.