The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – remained largely flat in February, decreasing by 0.2% or 1.51 points to 950.91 points, with Aristocrat Leisure Ltd and Crane Co enjoying the most significant gains.
The February result was also down by 0.2% or 2.04 points compared with February 2022 with six of the 12 AGEM Index companies reporting stock price increases and the other six suffering declines.
According to the Association of Gaming Equipment Manufacturers (AGEM), which compiles the index, the largest positive contributor to the index in February was Aristocrat whose 7.6% increase in stock price led to a 9.27-point gain to the index. Crane Co also contributed an 4.76-point gain on 3.3% increase in its stock price.
The largest negative contribution to the index was sourced to Konami Corp, whose 5.7% decrease in stock price resulted in a 12.48-point loss for the AGEM Index.
All three major U.S. stock indices saw month-over-month decreases in February 2023. The Dow Jones Industrial Average fell by 4.2% from January, while the S&P 500 fell by 2.5% and the NASDAQ by 0.9%.
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