verall, the majority of AGEM Index companies reported rises in stock price during the month, with 12 trending positively and one moving negatively. The stock price of Konami Corp. (TYO.9766) grew 37.6 percent and contributed 39.45 points to the AGEM Index’s November gain. Additionally, the stock price for Aristocrat Leisure Limited (ALL.AX) increased 11.6 percent, which led to an index contribution of 35.65 points.
The major stock indices advanced sharply in November, as well. The NASDAQ and the Dow Jones Industrial Average climbed by 12.2 percent and 11.3 percent, respectively, while the S&P 500 grew by 10.9 percent.
The AGEM Index
The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index that comprises 13 global gaming suppliers throughout the world. A total of nine suppliers 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 computed based on the month-end stock price (adjusted for dividends and splits) of each company and weighted based on approximation of market capitalization. Market capitalizations for manufacturers trading on foreign exchanges have beenconverted to US dollar-equivalents as of month-end for comparability purposes. The AGEM Index is based on a 100-point value as of January 2005. Company stock prices and AGEM Index contributions may be revised as necessary due to stock splits, reverse stock splits, mergers, acquisitions and other business activities.