The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – increased by 8.3% or 126.17 points to 1,644,36 points in November, with Aristocrat and Agilysys seeing the largest positive contributions.
The index was also 51.0% or 555.36 points higher compared with the same month in 2023, with nine 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 November was Aristocrat, which saw a 10.1% increase in stock price – leading to a 60.87-point gain to the index.
Agilysys also saw its stock price up by 34.3%, leading to a 31.06-point gain.
According to AGEM, the largest negative contribution to the index was from IGT, whose 5.4% decrease in stock price resulted in a 5.03-point loss to the AGEM Index.
The AGEM said the index’s monthly growth in November was among the highest recorded, ranking the third highest of any month since the inception of the index in 2005.
“The month continued what has been a year of high performance for the index,” the organization said. “Through the first 11 months of the year, four months have ranked among the 10 largest monthly growth periods in index history, including the second-best monthly growth in May. The only month with a larger gain was November 2020, when the index increased by 136.41 points.”
All three major US stock indices increased from the prior period in November, with the Dow Jones Industrial Average up by 6.7% over the month, while the NASDAQ rose by 5.1% and the S&P 500 by 4.8% from the prior month.
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