Saturday, September 23, 2023

AGEM Index sees 2.4% monthly growth in May, with Konami as main contributor | Yogonet International

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The Association of Gaming Equipment Manufacturers announced Friday that its AGEM Index rose by 20.68 points to 883.10 in May, marking a 2.4% increase from April. Compared to 2021, the index was down 96.59 points, or 9.9%. 

During the latest reporting period, six of the AGEM Index companies reported stock price increases, while the other six posted declines in stock price. As a result, half of the companies in the AGEM Index posted positive contributions and the other half posted negative contributions to the overall index, with net contributions resulting in a month-over-month gain.
The largest positive contributor to the monthly index was Konami Corp, which reported an 18.99-point gain to the index as a result of a 9.5% increase in overall stock price. Meanwhile, Aristocrat Leisure Limited contributed a 6.23-point gain to the index with a 0.4% increase in the company’s stock price coupled with a strengthened exchange rate between the United States dollar and the Australian dollar.

The largest negative contribution to the index was sourced to Light & Wonder Inc. (formerly Scientific Games), whose 5.8% decline in stock price equated to a 5.78-point loss in the overall index.
In the latest reporting period, two of the three major U.S. stock indices observed positive but negligible growth. The Dow Jones Industrial Average increased by 0.04% from April, while the S&P 500 rose by 0.01%. Meanwhile, the NASDAQ saw a 2.1% decline over the month.

AGEM comprises 12 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 and one on the Tokyo exchange. 


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