AGEM Index sees 4.6% decrease in September with Ainsworth as the sole positive contribution

The Association of Gaming Equipment Manufacturers (AGEM) has announced the latest results for its Index, encompassing the month of September, which show a decrease of 51.38 points to 1055.70 points, or by 4.6% as compared to the prior month. Compared to one year ago, the index was up 315.92 points, or 42.7%. 

The AGEM Index is a monthly stock performance guide comprising 12 global gaming suppliers. During September, 11 of the 12 AGEM Index companies reported stock price decreases, which resulted in 11 negative contributions and 1 positive contribution to the AGEM Index.

The largest negative contribution to the monthly index was sourced to Konami, whose 6.7% decrease in stock price led to a 16.50-point loss to the index.

Meanwhile, Light & Wonder saw its stock price fall by 7.0 percent, leading to an 11.50-point loss for the index. The lone positive contribution to the index was sourced to Ainsworth Game Technology, whose 5.2% increase in stock price resulted in a 0.24-point gain for the AGEM Index.

The three major U.S. stock indices declined in September 2023. The NASDAQ declined by 5.8% over the month, while the S&P 500 fell by 4.9%. Meanwhile, the Dow Jones Industrial Average decreased by 3.5% 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.