The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – decreased by 9.0% or 109.86 points to 1,109.06 points in April, with Aristocrat and Light & Wonder seeing the largest negative contributions.
The index was, however, 14.2% or 137.54 points higher compared with the same month in 2023, despite only two 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 negative contributor to the index in April was Aristocrat, which saw a 7.2% decrease in stock price – leading to a 37.06-point loss to the index.
Light & Wonder also saw its stock price fall by 12.6%, leading to a 27.73-point decrease.
According to AGEM, the largest positive contribution to the index was from Transact Technologies, whose 2.1% increase in stock price resulted in a 0.03-point gain to the AGEM Index.
After five consecutive months of growth across the board, all three major US stock indices decreased in April 2024. The Dow Jones Industrial Average fell by 5.0% over the month, while the NASDAQ fell by 4.4% and the S&P 500 decreased by 4.2% from the prior month.
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