AGEM Index increases by 4.1% in July with Konami as the largest positive contributor
The Association of Gaming Equipment Manufacturers (AGEM) has announced the latest results for its Index for July, showing an increase of 43.4 points to 1094.16 points, or by 4.1 percent as compared to the prior month. Compared to one year ago, the index was up 230.33 points, or 26.7 percent.
The AGEM Index is a monthly stock performance guide comprising 12 global gaming suppliers. During July, 10 of the 12 AGEM Index companies reported stock price increases, which resulted in 10 positive contributions and two negative contributions to the AGEM Index.The largest positive contribution to the monthly index was sourced to Konami, whose 6.0 percent increase in stock price led to a 13.06-point gain to the index.
Meanwhile, Aristocrat saw its stock price increase by 1.6 percent, leading to a 9.67-point gain for the index. The largest negative contribution to the index was sourced to Inspired Entertainment, whose 14.4 percent decrease in stock price resulted in a 1.10-point loss for the AGEM Index.
The three major US stock indices all experienced growth in July 2023. The NASDAQ increased by 4.0 percent over the month, while the Dow Jones Industrial Average grew by 3.4 percent. Meanwhile, the S&P 500 increased by 3.1 percent from the prior month.
AGEM represents manufacturers of electronic gaming devices, systems, lotteries, and components for the gaming industry. The association began compiling data for the index in January 2005, using a base of 100 points. The stocks that constitute the AGEM Index are weighted by approximate market capitalization.
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