AGEM Index stays almost flat at 0.2% drop in February with Aristocrat as largest positive contributor

The Association of Gaming Equipment Manufacturers (AGEM) has announced the latest results for its Index, showing a decrease of 1.51 points in February to 950.91, a 0.2% fall from the prior month. Compared to 2022, the index was down 2.04 points, also a 0.2% drop.

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

The largest positive contribution to the monthly index was sourced to Aristocrat Leisure Limited, whose 7.6% increase in stock price led to a 9.27-point gain to the index. Additionally, Crane Co. saw its stock price increase by 3.3%, leading to a 4.76-point gain in the index. 

The largest negative contribution to the index was sourced to Konami Corp, whose 5.7% decrease in stock price resulted in a 12.48-point loss for the AGEM Index. 

All three major U.S. stock indices saw month-over-month decreases in February 2023. The Dow Jones Industrial Average decreased by 4.2% from the prior month, while the S&P 500 fell by 2.5%. NASDAQ dipped by 0.9% from January.