AGEM Index sees 3.4% increase in September with Aristocrat as the largest positive contributor

The Association of Gaming Equipment Manufacturers (AGEM) has announced the latest results for its Index, encompassing the month of September, which show an increase of 50.35 points to 1,55259 points, or by 3.4%, as compared to the prior month. Compared to one year ago, the index was up 469.89 points, or 47.1%. 

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

The largest positive contribution was sourced to Aristocrat Leisure Limited, whose 7.1% increase in stock price led to a 53.66-point gain to the index. Meanwhile, Konami Corp. saw its stock price increase by 10.7%, leading to a 43.16-point gain for the index. The largest negative contribution to the index was sourced to Light & Wonder, whose 17.4% decrease in stock price resulted in a 35.17-point loss for the index. 

In September, all three major U.S. stock indices increased from the prior period. The Dow Jones Industrial Average rose by 1.5% over the month, while the NASDAQ rose by 0.9%. Meanwhile, the S&P 500 also increased by 0.9% from the prior month.