AGEM Index sees 4.8% decrease in December as seven companies post stock-price drops

The Association of Gaming Equipment Manufacturers (AGEM) has announced the latest results for its Index, encompassing the month of December, which show a decrease of 79.54 points to 1,564.82 points, or by 4.8%, as compared to the prior month. Compared to one year ago, the index was up 446.00 points, or 39.9%. 

The AGEM Index is a monthly stock performance guide comprising 12 global gaming suppliers. During December, seven of the 12 AGEM Index companies reported stock price decreases, which resulted in nine negative contributions and three positive contributions to the AGEM Index. 

The largest negative contribution to the index was sourced to Aristocrat Leisure Limited. Although the company’s stock price rose 0.9 percent, a change in the Australian to United States dollar exchange rate ultimately led to a 28.86-point loss to the index. Meanwhile, Light & Wonder saw its stock price decrease by 9.1%, leading to a 19.14-point loss for the index.

The largest positive contributor to the monthly index was Ainsworth Game Technology, whose 15.3% increase in stock price led to a 0.49-point gain to the index.

Over the course of 2024, the AGEM Index rose by 34.0 percent. Since the index began in 2005, 2024 ranked as the fifth-fastest growing year and fell just short of 2021’s growth.

In December, two of the three major U.S. stock indices decreased from the prior period. The Dow Jones Industrial Average fell by 5.3% over the month, while the S&P 500 fell by 2.5%. Meanwhile, the NASDAQ increased by 0.5% from the prior month.