The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – decreased by 2.2% or 34.39 points to 1,518.20 points in October, with Konami and Agilysys seeing the largest negative contributions.
The index was, however, 50.1% or 505.85 points higher compared with the same month in 2023, despite seven of the 12 AGEM Index companies reporting month-on-month stock price decreases.
The Association of Gaming Equipment Manufacturers (AGEM), which compiles the index, said the largest negative contributor to the index in October was Konami, which saw a 3.1% decrease in stock price – leading to a 29.86-point loss to the index.
Agilysys also saw its stock price down by 8.2%, leading to a 6.10-point loss.
According to AGEM, the largest positive contribution to the index was from Light & Wonder, whose 3.4% increase in stock price resulted in a 7.45-point gain to the AGEM Index.
In October, two of the three major US stock indices increased from the prior period. The NASDAQ rose by 2.3% over the month, while the S&P 500 rose by 0.9%. At the same time, the Dow Jones Industrial Average decreased by 0.2% from the prior month.
