The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – fell by 32.33 points to 831.50 points in August, instigated by stock price declines from Konami Corp and Crane Co.
The Index was also down 17.9% or 181.38 points on August 2021, with seven of the 12 AGEM Index companies reporting stock price decreases for the month.
According to the Association of Gaming Equipment Manufacturers (AGEM), which compiles the index, the largest negative contributor in August was Konami Corp, whose 9.7% decrease in stock price led to a 19.75-point loss to the index.
Crane Co contributed a 5.21-point decline in the index due to a 4.6% decrease in its stock price, while largest positive contribution to the index was PlayAGS Inc whose 55.3% increase in stock price equated to a 3.22-point gain for the AGEM Index.
All three major US stock indices saw month-over-month decreases in August, marking the second time this has occurred in the past three months. The Dow Jones Industrial Average fell by 4.1% from July, while the S&P 500 declined by 4.2% and the NASDAQ by 4.6%.
