AGEM Index posts monthly 8.1% drop in June with Agilysys as the sole positive contributor in the period

As reported by the Association of Gaming Equipment Manufacturers (AGEM), its index fell in June by 71.71 points to 811.39, an 8.1% decline from the previous month. The final results for the month are also down compared to June 2021 by 183.98 points, or 18.5%.

During June, 10 of the 12 AGEM Index companies reported stock price declines, and all but one posted negative contributions to the AGEM Index. The sole positive contributor was Agilysys, which added 4.05 points to the index as a result of a 15.7% increase in its stock price.

The largest negative contributor to the index was Konami, whose 14.7% decline in stock price resulted in a 31.61-point fall to the index. International Game Technology (IGT) saw its stock price fall 13.4%, resulting in an 11.13-point loss to the index.

 
All three major U.S. stock indices saw both month-over-month and year-over-year losses in June 2022. The NASDAQ fell by 8.7% from May, while the S&P 500 fell by 8.4%. Meanwhile, the Dow Jones Industrial Average saw a 6.7 percent decline over the month.

Back in May, the AGEM Index had risen 20.68 points to 883.10, marking a 2.4% increase from April. Compared to 2021, the index was down 96.59 points that month, or 9.9%. Six companies had reported stock price increases, while the other six posted declines in stock price. As a result, half of them posted positive contributions and the other half posted negative contributions to the overall index, with net contributions resulting in a month-over-month gain.

AGEM represents manufacturers of electronic gaming devices, systems, lotteries and components for the gaming industry. The association produces the monthly AGEM Index that comprises 12 global gaming suppliers throughout the world. A total of nine suppliers are based in the United States and are listed on the NYSE, Nasdaq or OTC market, while two trade on the Australian exchange and one on the Tokyo exchange.

The association began compiling data for the index in January 2005 using a base of 100 points. The index is computed based on the month-end stock price (adjusted for dividends and splits) of each company and weighted based on an approximation of market capitalization.