AGEM Index for September down 4.6pct m-o-m

AGEM Index for September down 4.6pct m-o-m

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The AGEM Index, a measure of the stock prices of a range of casino technology suppliers, decreased by 51.38 points in September, to 1,055.70, down 4.6 percent from the prior month. Compared to a year ago, the index was up 315.92 points, or 42.7 percent.

During September, 11 of the 12 AGEM Index companies reported stock price decreases, with only “one positive contribution to the AGEM Index,” said the index’s publisher, the Association of Gaming Equipment Manufacturers (AGEM).

The largest negative contribution to the monthly index was from Japan’s Konami Group Corp, which via its Konami Gaming Inc and Konami Australia Pty Ltd units supplies casino slot machines and floor 온라인카지노 management systems. The parent’s 6.7-percent stock price decrease in September led to a 16.50-point loss for the AGEM Index.

Gaming equipment and content provider Light & Wonder Inc had a 7.0-percent decrease in share price month-on-month, leading to a 11.50-point loss for the index.

The lone positive contribution to the index was casino slot machine maker Ainsworth Game Technology Ltd, whose 5.2 percent increase in stock price resulted in an 0.24-point gain to the AGEM Index.

All three major U.S. stock indices declined in September 2023. The Nasdaq decreased by 5.8 percent over the month, while the S&P 500 fell by 4.9 percent. The Dow Jones Industrial Average decreased by 3.5 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 capitalisation.