AGEM Index posts double-digit monthly decline to 1,621.50 in February

The AGEM Index declined sharply in February 2026, falling by 194.49 points to 1,621.50, a 10.7% drop from the previous month. The index also registered an annual decrease of 8.9%, equivalent to 159.12 points compared with the same period a year earlier.

The downturn came as the majority of companies tracked by the index reported lower share prices. Eight of the nine gaming equipment manufacturers included in the index recorded stock declines during the month, producing eight negative contributions and only one positive contribution.

The largest impact on the index came from Aristocrat Leisure Limited. The company’s stock price fell by 10.2%, which translated into a 71.94-point reduction in the index’s value. Konami Corp. also weighed considerably on the index, as its share price declined by 7.3%, resulting in a 53.04-point drop.

Only one company recorded a positive movement during the month. Ainsworth Game Technology posted a 1.4% increase in its stock price, contributing a modest 0.12-point gain to the AGEM Index.

Market movements in the United States were mixed over the same period. The NASDAQ Composite Index declined by 3.4% during February, while the S&P 500 fell by 0.9%. In contrast, the Dow Jones Industrial Average recorded a slight gain, rising by 0.2% from the previous month.

The AGEM Index is produced monthly by the Association of Gaming Equipment Manufacturers and tracks the performance of nine global gaming suppliers. Five of the companies included in the index are based in the United States and trade on the NYSE, Nasdaq, or the OTC market, while three are listed on the Australian Securities Exchange and one trades on the Tokyo exchange.

The index is calculated using each company’s month-end stock price, adjusted for dividends and stock splits, and weighted according to an approximation of market capitalization. Market capitalizations for companies listed on foreign exchanges are converted to U.S. dollar equivalents at month-end to ensure comparability.