The Association of Gaming Equipment Manufacturers (AGEM) has announced the latest results for its Index, encompassing the month of July, which show an increase of 93.30 points to 1,423.49 points, or by 7%, as compared to the prior month. Compared to one year ago, the index was up 329.33 points, or 30.1%.
The AGEM Index is a monthly stock performance guide comprising 12 global gaming suppliers. During July, ten of the 12 AGEM Index companies reported stock price increases, which resulted in eleven positive contributions and one negative contribution to the AGEM Index.
The largest positive contribution was sourced to Aristocrat Leisure Limited, whose 9% increase in stock price led to a 34.13-point gain to the index. Meanwhile, International Game Technology saw its stock price increase by 14.7%, leading to a 16.59-point gain for the index. The only negative contribution to the index was sourced to PlayAGS, whose 0.4% decrease in stock price resulted in a 0.05-point loss for the index.
As of July 2024, the AGEM Index has experienced 16 consecutive months of positive year-over-year growth with all but one of the periods showing double-digit growth. Over this period, the index grew by 46.5% or 451.97 points. This marked the longest period of sustained growth from November 2020 to April 2022, when the index experienced positive year-over-year growth for 18 consecutive months.
In July, two of the three major U.S. stock indices decreased from the prior period. The NASDAQ fell by 3.2% over the month, while the S&P 500 fell by 0.6%. At the same time, the Dow Jones Industrial Average increased by 2.7% from the prior month.
Original article: https://www.yogonet.com/international/noticias/2024/08/07/74569-agem-index-sees-7-increase-in-june-with-aristocrat-as-the-largest-positive-contributor
