The Association of Gaming Equipment Manufacturers (AGEM) has announced the latest results for its Index, encompassing the month of November, which show an increase of 77.65 points to 1089.00 points, or by 7.7%, as compared to the prior month. Compared to one year ago, the index was up 183.05 points, or 20.2%.
The AGEM Index is a monthly stock performance guide comprising 12 global gaming suppliers. During November, 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 was sourced to Aristocrat, whose 5.4% increase in stock price led to a 39.01-point loss to the index. Meanwhile, Light & Wonder saw its stock price increase by 20.9%, leading to a 38.09-point gain for the index. The largest negative contribution to the index was sourced to Konami, whose 5.7% decrease in stock price resulted in a 5.26-point loss for the index.
The three major U.S. stock indices increased in November 2023. The NASDAQ rose by 10.7% over the month, while the S&P 500 grew by 8.9%. Meanwhile, the Dow Jones Industrial Average decreased by 8.8% 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.
