The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – increased by 1.2% or 12.91 points to 1,107.07 points in August, boosted by share price gains from Light & Wonder and Konami.
The index was also 33.1% or 275.57 points higher compared with the same month in 2022 as seven 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 Light & Wonder, which saw a 9.1% increase in stock price – leading to a 15.10-point gain.
Konami also saw its stock price increase by 6.1%, leading to a 6.99-point gain for the index.
According to AGEM, the largest negative contribution to the index was from IGT, whose 5.4% decrease in stock price resulted in an 8.16-point loss for the AGEM Index.
The three major US stock indices all experienced declines in August 2023, with the NASDAQ down by 2.2% over the month, the S&P 500 by 1.8% and the Dow Jones Industrial Average by 2.4% from the prior month.
