Konami leads AGEM Index to slight increase in May
In May 2022, the AGEM Index rose by 20.68 points to 883.10, marking a 2.4 per cent increase from April. Last month, the index had dropped 9.7 per cent from March.
On a year-over-year basis, the index is down 96.59 points, or 9.9 per cent, from May 2021.
During the latest reporting period, six of the AGEM Index companies reported stock price increases, while the other six posted declines in stock price. As a result, half of the companies in the AGEM Index posted positive contributions and the other half posted negative contributions to the overall index, with net contributions resulting in a month-over-month gain.
The largest positive contributor to the monthly index was Konami, which reported an 18.99-point gain to the index as a result of a 9.5 per cent increase in overall stock price.
Meanwhile, Aristocrat contributed a 6.23-point gain to the index with a 0.4 per cent increase in the company’s stock price coupled with a strengthened exchange rate between the United States dollar and the Australian dollar.
The largest negative contribution to the index was sourced to Light & Wonder Inc., whose 5.8 per cent decline in stock price equated to a 5.78-point loss in the overall index.
In the latest reporting period, two of the three major U.S. stock indices observed positive but negligible growth. The Dow Jones Industrial Average increased by 0.04 per cent from April, while the S&P 500 rose by 0.01 per cent. Meanwhile, the NASDAQ saw a 2.1 per cent decline over the month.
The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index that comprises 12 global gaming suppliers throughout the world. The index is computed based on the month-end stock price (adjusted for dividends and splits) of each company and weighted based on an approximation of market capitalization.
AGEM is an international trade association representing manufacturers of electronic gaming devices, systems, lotteries, and components for the gaming industry.