The Association of Gaming Equipment Manufacturers (AGEM) released the AGEM Index for April 2021. The index increased by 94.30 points to 858.43 points in this period, a 12.3 percent gain from March 2021. In the last month, the majority of AGEM Index companies reported increases in stock price, with 11 posting positive contributions and two recording negative contributions to the index.
The AGEM Index’s April 2021 growth was driven by a 51.9 percent increase in the stock price of Scientific Games Corporation (Nasdaq: SGMS), which rose from $38.52 to $58.52. The stock was responsible for 49.89 points of the AGEM Index’s monthly growth. Another significant index contributor in April was Aristocrat Leisure Limited (ASX: ALL), which added 30.91 points due to an 8.2 percent stock price gain from $34.35 to $37.17.
The major stock indices also performed well over the month as the Nasdaq and the S&P 500 experienced monthly gains of 5.4 percent and 5.2 percent, respectively, while the Dow Jones Industrial Average grew by 2.7 percent.