AGEM Index nearly flat in March after February's rebound; Konami as top contributor

After an uneven start of the year, with January presenting a decline by 45.71 points, and February showing an improvement by 27.08 points, marking a 2.9% rise compared to the first month of the year; the AGEM Index published its numbers for March 2022, which came with an improvement by 2.45 points to 955.40, marking a 0.3% increase from the prior month. Compared to one year ago, the index added 191.27 points for an annual growth rate of 25%. 

During the latest reporting period, nine of the AGEM Index companies reported stock price declines, with three posting an increase. Those results translated to seven companies posting negative contributions to the index and five companies reporting positive contributions. 

The top contributor to the monthly index was Konami Corp., which reported a 22.39-point index gain as a result of a 19.6% increase in stock price. Crane Co. reported an 8.74-point gain to the index due to a 7.1% increase in the company's stock price. The largest negative contribution to the index was sourced to International Game Technology PLC, whose 19.4% decline in stock price led to a 19.41-point decrease in the AGEM Index. 

In the latest reporting period, all three major U.S. stock indices trended upwards after two consecutive months of negative growth. The S&P 500 increased by 3.6%, while the NASDAQ rose by 3.4%. Meanwhile, the Dow Jones Industrial Average observed a 2.4% increase over the month.

AGEM produces the monthly AGEM Index that comprises 12 global gaming suppliers throughout the world. A total of nine suppliers are based in the United States and are listed on the NYSE, Nasdaq or OTC market, while two trade on the Australian exchange and one on the Tokyo exchange.