The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – fell by 91.73 points to 739.77 points in September, primarily on the back of stock price declines from Aristocrat Leisure Ltd and Konami Corp.
The Index was also down 29.3% or 306.97 points on September 2021, with 11 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 September was Aristocrat, whose 7.8% decrease in stock price led to a 44.19-point loss to the index.
Konami contributed a 13.67-point decline in the index due to a 5.7% decrease in its stock price, while the only positive contribution to the index was via Agilysys Inc whose 6.9% increase in stock price equated to a 2.22-point gain for the AGEM Index.
All three major US stock indices saw month-over-month decreases in September, marking the third time this has occurred in the past four months. The Dow Jones Industrial Average fell by 8.8% from August, while the S&P 500 declined by 9.3% and the NASDAQ by 10.5%.