The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – increased by 5.5% or 78.77 points to 1,502.26 points in August, with Konami and Aristocrat seeing the largest positive contributions.
The index was also 35.7% or 395.19 points higher compared with the same month in 2023, with seven 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 August was Konami, which saw a 15.2% increase in stock price – leading to a 53.47-point gain to the index.
Aristocrat also saw its stock price rise by 0.9%, leading to a 29.16-point increase.
According to AGEM, the largest negative contribution to the index was from Crane NXT, whose 6.6% decrease in stock price resulted in a 5.37-point loss to the AGEM Index.
All three major US stock indices increased from the prior period, with the NASDAQ up by 3.3% over the month and the S&P 500 up by 4.1% while the Dow Jones Industrial Average increased by 3.5%.
RelatedPosts
