AGEM Index falls nearly 4% in August, down 18% YOY

The AGEM Index continued to yo-yo in August, falling 32.33 points to 831.50 for a 3.7 per cent decline from the prior month.

In July, it had risen more than six per cent over June, during which it had fallen eight per cent.

Compared to one year ago, the index is down 181.38 points, or 17.9 per cent.

During the latest month, seven of the 12 AGEM Index companies reported stock price decreases, which resulted in eight negative contributions to the AGEM Index and four positive contributions.

The largest negative contributor to the monthly index was Konami, whose 9.7 per cent decrease in stock price led to a 19.75-point loss to the index. Crane Co., which had been the largest positive contributor in July thanks to a 13 per cent increase in stock price, was down 4.6 per cent in August.

The largest positive contribution to the index was PlayAGS Inc., whose 55.3 per cent increase in stock price equated to a 3.22-point gain for the AGEM Index. This represents very strong growth for PlayAGS, which was the largest negative contributor last month with an 8.1 per cent decline in stock price.

All three major U.S. stock indices saw month-over-month decreases in August 2022, marking the second time this has occurred in the past three months. The Dow Jones Industrial Average fell by 4.1 per cent from July, while the S&P 500 declined by 4.2 per cent. Meanwhile, the NASDAQ fell 4.6 per cent over the latest period.

The Association of Gaming Equipment Manufacturers is an international trade association representing manufacturers of electronic gaming devices, systems, lotteries, and components for the gaming industry.

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.

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