Konami, Crane Co lead AGEM Index increase in March

The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – grew by 0.3% or 2.45 points to 955.40 points in March.

The improvement represents a 25.0% or 191.27-point increase over March 2021.

According to the Association of Gaming Equipment Manufacturers (AGEM), which compiles the index, March’s tally saw three of the 12 associated companies record month-on-month stock price increases – led by Konami and Crane Co.

Konami’s stock price grew 19.6% in March, resulting in a 22.39-point gain for the index, while Crane Co booked a 7.1% increase, resulting in an 8.74-point gain.

The largest negative contributor to the index was IGT, whose 19.4% drop in stock price led to a 19.41-point decrease in the AGEM Index.

All three major US stock indices increased over the month, with the Dow Jones Industrial Average and the S&P 500 experiencing increases of 2.4% and 3.6% respectively. The NASDAQ experienced a 3.4% increase.