The Association of Gaming Equipment Manufacturers (AGEM) has announced the latest results for its Index, encompassing the month of October, which show a decrease of 44.35 points to 1011.35 points, or by 4.2%, as compared to the prior month. Compared to one year ago, the index was up 164.71 points, or 19.5%.
The AGEM Index is a monthly stock performance guide comprising 12 global gaming suppliers. During September, 8 of the 12 AGEM Index companies reported stock price decreases, which resulted in 8 negative contributions and 4 positive contributions to the AGEM Index.
The largest negative contribution was sourced to Aristocrat, whose 5.7% decrease in stock price led to a 28.68-point loss to the index. Meanwhile, International Game Technology saw its stock price fall by 16.2%, leading to a 20.94-point loss for the index. The largest positive contribution to the index was sourced to Agilysys, whose 29.7% increase in stock price resulted in a 16.44-point gain for the index.
The three major U.S. stock indices declined in October 2023. The NASDAQ declined by 2.8% over the month, while the S&P 500 fell by 2.2%. Meanwhile, the Dow Jones Industrial Average decreased by 1.4% from the prior month.
AGEM represents manufacturers of electronic gaming devices, systems, lotteries, and components for the gaming industry. The association began compiling data for the index in January 2005, using a base of 100 points. The stocks that constitute the AGEM Index are weighted by approximate market capitalization.
Original article: https://www.yogonet.com/international/noticias/2023/11/03/69511-agem-index-sees-42-decrease-in-october-with-agilysys-as-the-largest-positive-contributor
