AGEM Index sees slight monthly increase in December, 41% annual growth

in Finance

The AGEM Index improved by 11.39 points to 971.59 in December, marking a 1.2% growth from the prior month. In a year-over-year comparison, the index increased by 284.47 points for an annual growth rate of 41.4%.

In the latest period, seven of the AGEM Index companies reported stock price increases. This ultimately led to eight companies posting positive contributions and four companies with negative contributions to the overall index.

The top contributor to the monthly index was International Game Technology (IGT), whose 7% increase in stock price led to a 7.98-point gain for the index. Scientific Games Corporation was also a significant contributor to the overall growth in the index, adding 5.65 points as a result of its 4.6% rise in stock price. The largest negative contributor to the index was Konami Corporation, whose 5% drop in stock price led to an 8.48-point decline in the AGEM Index.

All three major U.S. stock indices increased over the month, with the Dow Jones Industrial Average and the S&P 500 experiencing increases of 5.4% and 4.4%, respectively. Meanwhile, the NASDAQ experienced a 0.8% increase.

In November 2021, the AGEM Index fell 10.9% from the prior month, but compared to November 2020, the index reported significant growth gaining 328.47 points for an annual growth rate of 52%. This was still among its highest levels in tracked history and had tripled in value since the onset of the pandemic in March 2020. 

The monthly AGEM Index is produced by the Association of Gaming Equipment Manufacturers, and comprises 12 global gaming suppliers throughout the world. A total of nine suppliers are based in the United States and are listed on the NYSE, Nasdaq or OTC market, while two trade on the Australian exchange and one on the Tokyo exchange.

https://agemindex.com/