The AGEM Index – a monthly stock performance guide comprising 13 global gaming suppliers and produced by the Association of Gaming Equipment Manufacturers – booked a 9.5% increase in December, driven by a strong performance from IGT and Crane Co.
The composite index stood at 691.90 points at the close of the month, representing a 26.7% improvement over the same period in 2019.
AGEM said the monthly growth was largely due to an increase in the stock price of IGT, which grew 34.6% and contributed 20.13 points to the AGEM Index’s December gain. Crane Co also increased 11.7%, contributing 8.86 points.
The major stock indices also performed well with the NASDAQ and the S&P 500 climbing by 3.5% and 1.2% respectively, while the Dow Jones Industrial Average grew by 0.5%.
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