By the end of September, the AGEM Index posted a value of 116.78, an increase of 5.22 points or 4.7 percent over the prior month.
The rise modestly outpaced the Standard & Poor’s 500 which managed to close the month with a 3.6-percent increase.
On a year-over-year basis, the AGEM Index is up 26.8 percent, regaining territory from the catastrophic declines across equity markets from last September following the collapse of Lehman Brothers and the largest single-day point decline in the Dow Jones Industrial Average.
The majority of global gaming suppliers are once again seeing year-over-year gains in their stock valuations.
Selected positive contributors to the index during the month included: (1) Aristocrat Technologies, adding 2.23 points to the index with a 13.64-percent increase in its stock valuation; (2) International Game Technology (IGT), contributing 0.87 points to the index driven by a 2.68-percent gain in its stock performance; (3) Shuffle Master, up 24.27 percent, adding 0.63 points to the index; (4) WMS Industries contributing 0.61 points to the index driven by a 5.27-percent gain in its stock price; and (5) INTRALOT S.A. adding 0.51 points to the overall index with a 7.05-percent improvement in its stock performance.
Negative contributions to the index were modest but a few selected suppliers on the list included: (1) Bally Technologies, with a 5.10-percent decline in its stock value, contributing -0.55 points to the index; (2) Lottomatica posting -0.08 points to the index based on a 2.42-percent decline in its stock performance; and (3) GameTech International reporting a 10.94-percent drop in its stock valuation contributing -0.01 points to the overall index.
Momentum has continued to flourish since the stock market rally began this spring and a recession declared "very likely over" in September. Nevertheless, the ability for global gaming suppliers to strengthen over the long-term will come from new business in emerging markets and innovation in established jurisdictions.