AGEM Index increases by 1.2% in August with Light & Wonder as the largest positive contributor

The Association of Gaming Equipment Manufacturers (AGEM) has announced the latest results for its Index for August, showing an increase of 12.91 points to 1107.07 points, or by 1.2% as compared to the prior month. Compared to one year ago, the index was up 275.57 points, or a remarkable 33.1%. 

The AGEM Index is a monthly stock performance guide comprising 12 global gaming suppliers. During July, 7 of the 12 AGEM Index companies reported stock price increases, which resulted in 7 positive contributions and 5 negative contributions to the AGEM Index.

The largest positive contribution to the monthly index was sourced to Light & Wonder, whose 9.1% increase in stock price led to a 15.10-point gain to the index.

Meanwhile, Konami saw its stock price increase by 6.1 percent, leading to a 6.99-point gain for the index. The largest negative contribution to the index was sourced to International Game Technology, whose 5.4% decrease in stock price resulted in an 8.16-point loss for the AGEM Index.

The three major U.S. stock indices declined in August 2023. The Dow Jones Industrial Average declined by 2.4% over the month, while the NASDAQ fell by 2.2%. Meanwhile, the S&P 500 decreased by 1.8% 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.