AGEM Index falls 7.4 percent in December

January 5, 2023 11:43 AM
Photo: AGEM
  • CDC Gaming Reports
January 5, 2023 11:43 AM
  • CDC Gaming Reports
  • United States

The Association of Gaming Equipment Manufacturers’ monthly AGEM Index, which comprises 12  gaming suppliers throughout the world, took a 7.4 percent fall in December, decreasing by 66.85 points to 839.10. Year over year, the Index was down 132.49 points (13.6 percent). In December, 10 of the 12 Index companies reported stock-price decreases, resulting in 10 negative contributions to the AGEM Index and two positive contributions.

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The largest positive contribution to the Index was from Agilysys, whose 19.2 percent increase in stock price led to an 8.69-point gain. The largest negative contribution was attributed to Aristocrat Leisure Limited, whose 12.9 percent decrease in stock price resulted in a 39.68-point loss for the Index. Additionally, Light & Wonder Inc. sustained a 9.5 percent decrease in stock price that led to an 11.95-point decrease to the Index.

By comparison, all three major U.S. stock indices experienced month-over-month decreases to close the year. The NASDAQ decreased by 8.7 percent from November, while the S&P 500 fell by 5.9 percent and the Dow Jones Industrial Average dropped 4.2 percent in December.