The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – fell by 8.1% or 71.71 points to 811.39 points in June, with the share prices of Konami and IGT both suffering significant declines.
The Index was also down by 183.98 points, or 18.5%, compared with June 2021.
According to the Association of Gaming Equipment Manufacturers (AGEM), which compiles the index, 10 of the 12 AGEM Index companies reported stock price declines and all but one posted negative contributions to the AGEM Index.
The sole positive contributor to the AGEM Index in June was Agilysys, which added 4.05 points to the index as a result of a 15.7% increase in its stock price. The largest negative contributor was Konami Corp, whose 14.7% decline in stock price resulted in a 31.61-point fall to the index. IGT saw its stock price fall 13.4%, resulting in an 11.13-point loss to the index.
All three major US stock indices also observed negative growth in June. The Dow Jones Industrial Average decreased by 6.7% from May, while the S&P 500 fell by 8.4% and the NASDAQ saw a 8.7% decline over the month.