The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – increased by 7.0% or 59.31 points in November to 905.95 points, driven by strong gains from IGT and Light & Wonder.
The November result was, however, still down by 5.6% or 54.24 points compared with November 2021 – despite 10 of the 12 AGEM Index companies reporting stock price increases.
According to the Association of Gaming Equipment Manufacturers (AGEM), which compiles the index, the largest positive contributor to the index was IGT whose 22.4% increase in stock price led to a 21.62-point gain to the index
Light & Wonder contributed an 18.32-point increase thanks to a 15.4% increase in its stock price, while the largest negative contribution came from Everi Holdings Inc with an 11.9% stock price decline resulting in a 3.50-point loss for the AGEM Index.
All three major U.S. stock indices saw month-over-month increases in October 2022. The Dow Jones Industrial Average increased by 5.7% from October, while the S&P 500 grew by 5.4% and the NASDAQ by 4.4%.
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