The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – increased by 11.4% or 126.56 points to 1,235.62 points in May, with Aristocrat and Konami seeing the largest positive contributions.
The index was also 29.1% or 278.64 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 May was Aristocrat, which saw a 12.6% increase in stock price – leading to a 67.53-point gain to the index.
Konami also saw its stock price rise by 14.8%, leading to a 32.43-point increase.
According to AGEM, the largest negative contribution to the index was from Everi Holdings Inc, whose 11.5% decrease in stock price resulted in a 1.59-point loss to the AGEM Index.
All three major US stock indices increased from the prior period, with the NASDAQ up by 6.9% over the month, the S&P 500 up by 4.8% and the Dow Jones Industrial Average by 2.3%.
