AGEM Index shows 9.7% monthly drop in April, ends three-month upward trend period

After a 0.3% rise in March, with an increase of 2.45 points from February, the AGEM Index published Wednesday its numbers for April 2022, which saw a decline by 92.98 points to 862.42, marking a 9.7% decrease from the prior month. Compared to one year ago, the index added 3.99 points for an annual growth rate of 0.5%.

During the latest reporting period, eleven of the AGEM Index companies delivered tock price declines, with only one company posting an increase. As a result, all twelve companies in the AGEM Index posted negative contributions to the overall index, ending a three-month period of upward growth.
 
The largest negative contributor to the monthly index was Aristocrat Leisure Limited, which reported a 47.42-point index loss as a result of an 8.3% decline in stock price. Meanwhile, International Game Technology PLC contributed an 11.40-point loss to the index due to an 11.6% drop in the company's stock price. Despite a 3.7% increase in stock price over the period for Konami Corp., a weakened exchange rate between the United States dollar and the Japanese yen led to a 5.19-point loss for the index.

In the latest reporting period, all three major U.S. stock indices observed negative growth. The Dow Jones Industrial Average decreased by 4.9% from March, while the S&P 500 fell by 8.8%. Meanwhile, NASDAQ saw a 13.3% decline over the month.
 
As of April 29, 2022, Scientific Games Corporation is rebranded as Light & Wonder. This name change will be reflected in the May 2022 AGEM Index release.
 
AGEM 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.