The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – increased by 9.8% or 93.79 points to 1,050.77 points in June, boosted by the strong share performance of IGT and Aristocrat Leisure Ltd.
The index was also 29.5% or 239.38 points higher compared with the same month in 2022 as 10 of the 12 AGEM Index companies reported stock price increases.
The Association of Gaming Equipment Manufacturers (AGEM), which compiles the index, said the largest positive contributor to the index in June was IGT, which saw a 30.0% increase in stock price led to a 41.88-point gain.
Aristocrat also saw its stock price increase by 4.2%, leading to a 25.30-point gain for the index.
According to AGEM, the only two negative contributions to the index in June were from Agilysys, which saw a 7.7% decrease in stock price resulted in a 2.92-point loss for the AGEM Index, while Ainsworth Game Technology saw its stock price fall by 3.8% resulting in a 0.07-point loss.
The three major US stock indices all experienced growth in June 2023, with the NASDAQ up by 6.6% over the month, the S&P 500 by 6.5% and the Dow Jones Industrial Average up by 4.5% from the prior month.
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