AGEM Index records 3% monthly drop in September

The AGEM Index, which tracks the stock performance of major publicly listed gaming technology suppliers, fell by 58.52 points in September to 1,925.21, marking a 3 percent decline from August. Despite the monthly drop, the index remained up 24 percent year-over-year, reflecting an overall gain of 372.62 points since September 2024.

Half of the ten companies comprising the index posted stock price increases during the month, but the other half reported declines that outweighed the gains. The largest drag on the index came from Japan’s Konami Corp., whose 4.7 percent dip in share price contributed to a 30.84-point loss. Australia’s Aristocrat Leisure Limited also recorded a 3.6 percent decline, reducing the index by 23.50 points.

Among positive performers, Crane NXT Co. led the gains with a 12.3 percent increase in its stock price, adding 14.24 points to the index. Other contributors included Ainsworth Game Technology, which rose 2.5 percent, and Brightstar Lottery PLC, which climbed 3.7 percent. Transact Technologies reported the strongest monthly percentage increase among index members, with shares up 24.9 percent, resulting in a modest 0.41-point contribution.

The broader gaming sector’s mixed results came despite a positive month for U.S. equities. In September, all three major U.S. stock indices advanced for the second straight month. The NASDAQ Composite rose 5.6 percent, the S&P 500 gained 3.5 percent, and the Dow Jones Industrial Average climbed 1.9 percent.

Light & Wonder Inc. also posted one of the steeper declines among gaming suppliers, with shares falling 9.2 percent, contributing a 19.55-point loss to the index. Galaxy Gaming Inc. and Inspired Entertainment Inc. recorded marginal changes of -1.2 percent and +0.9 percent, respectively, while Agilysys slipped 3.5 percent.

Despite September’s decline, the index’s year-on-year growth highlights sustained investor confidence in the gaming technology sector, supported by strong results from select suppliers and continued innovation across the industry. The AGEM Index is compiled by Applied Analysis in partnership with myResearcher.com and serves as a benchmark for the global gaming equipment and technology industry.