The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – increased by 7.0% or 93.30 points to 1,423.49 points in July, with Aristocrat and IGT seeing the largest positive contributions.
The index was also 30.1% or 329.33 points higher compared with the same month in 2023, with 10 of the 12 AGEM Index companies reporting month-on-month stock price increases.
The Association of Gaming Equipment Manufacturers (AGEM), which compiles the index, said the largest positive contributor to the index in July was Aristocrat, which saw a 9.0% increase in stock price – leading to a 34.13-point gain to the index.
IGT also saw its stock price rise by 14.7%, leading to a 16.59-point increase.
According to AGEM, the only negative contribution to the index was from PlayAGS Inc, whose 0.4% decrease in stock price resulted in a 0.05-point loss to the AGEM Index. Konami saw its stock price fall by 1.5% but still registered a positive contribution.
Two of the three major US stock indices decreased from the prior period, with the NASDAQ down by 3.2% over the month and the S&P 500 down by 0.6% while the Dow Jones Industrial Average increased by 2.7%.
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