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AGEM Index posts 5 percent gain in July

After reporting month-to-month declines for two consecutive months, the AGEM Index posted a 5 percent gain in July.

The composite index ended the month at 201.90, which represents an increase of 9.62 points from June.

The index reported more substantial gains when compared to a year ago, rising 18.29 points, or 10 percent.

The latest period represents the fifth consecutive month of year-over-year gains.

In July 2015, six of the 13 global gaming equipment manufacturers reported month-to-month increases in stock price, with each reporting gains of more than 10 percent. Of the six manufacturers that reported declines in stock price, three were down by more than five percent, with one, Global Cash Access, falling nearly 35 percent.

Intralot S.A., or Inlot, reported no change in stock price from June to July 2015. The broader stock markets also reported positive trends in July 2015. The Dow Jones Industrial Average ended the month at 17,689.86, representing a slight increase of 0.4 percent when compared to June 2015. Meanwhile, the S&P 500 reported a gain of 2 percent, rising to 2,103.84, and the NASDAQ increased 2.8 percent to 5,128.28.

Positive contributors to the July AGEM Index included:  International Game Technology PLC, which reported an 11.5-percent gain in stock price to $19.80 and contributed 5.01 points; Aristocrat Technologies contributed 4.88 points, while Konami Corp. contributed 3.60 points, due to a 13.7-percent gain in stock price to ¥2,588 ($409).

Selected negative contributors included Crane Co.,  contributed negative 3.23 points due to a 9.4 percent decline in stock price to $53.20; Global Cash Access contributed negative 1.28 points.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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