The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – increased by 4.1% or 43.40 points to 1,094.16 points in July, boosted by the strong share performance of Konami and Aristocrat Leisure Ltd.
The index was also 26.8% higher compared with the same month in 2022 as 10 of the 12 AGEM Index companies reported stock price increases.
The Association of Gaming Equipment Manufacturers (AGEM), which compiles the index, said the largest positive contributor to the index in July was Konami, which saw a 6.0% increase in stock price led to a 13.06-point gain.
Aristocrat also saw its stock price increase by 1.6%, leading to a 9.67-point gain for the index.
According to AGEM, the only two negative contributions to the index in July were from Inspired Entertainment, which saw a 14.4% decrease in stock price resulted in a 1.10-point loss for the AGEM Index, while TransAct Technologies saw its stock price fall by 10.9%, resulting in a 0.2-point loss.
The three major US stock indices all experienced growth in July, with the NASDAQ up by 4.0% over the month, the Dow Jones Industrial Average by 3.4% and the S&P 500 by 3.1%.
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