The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – increased by 8.0% or 93.00 points to 1,261.10 points in February, with Light & Wonder and Aristocrat providing the largest positive contributions.
The index was also 32.6% or 310.19 points higher compared with the same month in 2023, with eight of the 12 AGEM Index companies reporting month-on-month stock price increases.
The Association of Gaming Equipment Manufacturers (AGEM), which compiles the index, said the largest positive contributor to the index in February was Light & Wonder, which saw a 25.0% increase in stock price – leading to a 52.52-point gain to the index.
Aristocrat also saw its stock price grow by 5.1%, leading to a 17.69-point increase.
According to AGEM, the largest negative contribution to the index was from Agilysys, whose 7.1% decline in stock price resulted in a 3.48-point loss to the AGEM Index.
All three major US stock indices increased slightly in February 2024, with the NASDAQ up by 6.1% over the month, while the S&P 500 grew by 5.1% and the Dow Jones Industrial Average by 2.2% from the prior month.
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