AGEM Index sees 2.7% increase in December with Aristocrat as the largest positive contributor

The Association of Gaming Equipment Manufacturers (AGEM) has announced the latest results for its Index, encompassing the month of December, which show an increase of 29.82 points to 1,118.82 points, or by 2.7%, as compared to the prior month. Compared to one year ago, the index was up 279.72 points, or 33.3%.

The AGEM Index is a monthly stock performance guide comprising 12 global gaming suppliers. During December, 10 of the 12 AGEM Index companies reported stock price increases, which resulted in 10 positive contributions and 2 negative contributions to the AGEM Index.

The largest positive contribution was sourced to Aristocrat, whose 0.6% increase in stock price led to a 16.09-point gain to the index. Meanwhile, Konami saw its stock price increase by 0.9%, leading to a 10.31-point gain for the index. The largest negative contribution to the index was sourced to Light & Wonder, whose 7.1% decrease in stock price resulted in a 12.71-point loss for the index.

All three major U.S. stock indices increased in December 2023. The NASDAQ rose by 10.7 percent over the month, while the Dow Jones Industrial Average grew by 4.8 percent. Meanwhile, the S&P 500 increased by 4.4 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.