The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – decreased by 4.2% or 44.35 points to 1,011.35 points in October, with Aristocrat and IGT suffering the largest stock price declines.
The index was, however, 19.5%% or 164.71 points higher compared with the same month in 2022 despite eight 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 Aristocrat, which saw a 5.7% decrease in stock price – leading to a 28.68-point loss to the index.
IGT also saw its stock price fall by 16.2%, leading to a 20.94-point loss.
According to AGEM, the largest positive contribution to the index was from Agilysys, whose 29.7% increase in stock price resulted in a 16.44-point gain to the AGEM Index.
All three major US stock indices declined in October 2023, with the NASDAQ down by 2.8% over the month, while the S&P 500 fell by 2.2% and the Dow Jones Industrial Average by 1.4% from the prior month.
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