AGEM Index drops 9.2 percent in March amid widespread stock declines

The AGEM Index recorded a decline in March 2026, amid weaker performance across most constituent companies as well as pressure in equity markets. The index, compiled by the Association of Gaming Equipment Manufacturers, fell by 149.30 points to close at 1,472.20, a 9.2% decrease from the previous month.

Compared with the same period a year earlier, the index was down 143.54 points, representing an 8.9% decline. The downturn was driven largely by widespread stock price drops among the companies included in the index, with seven out of nine reporting declines. These movements resulted in eight negative contributions and only one positive contribution to the overall index performance.

Among individual companies, Aristocrat Leisure Limited had the most significant negative impact. A 5.7% fall in its share price translated into a 58.84-point reduction in the index. Konami Corp. also weighed heavily on the index, with its stock declining by 7.2% and contributing a 49.54-point decrease.

In contrast, Galaxy Gaming Inc. was the only company to provide a positive contribution during the month. Its stock rose by 17.6%, resulting in a modest gain of 0.28 points to the index.

The performance of the AGEM Index occurred alongside broader declines in U.S. equity markets. All three major benchmarks recorded losses during March, with the Dow Jones Industrial Average falling by 5.4%, the S&P 500 dropping 5.1%, and the NASDAQ Composite declining by 4.8% over the same period.

The AGEM Index tracks the stock performance of nine global gaming equipment suppliers and is published monthly as a measure of industry trends. A total of five suppliers are based in the United States and are listed on the NYSE, Nasdaq, or OTC market, while three trade on the Australian exchange and one on the Tokyo exchange.