AGEM Index shows 14.4% increase in October with Aristocrat as main contributor

The Association of Gaming Equipment Manufacturers (AGEM) announced Monday its AGEM Index activity and results for October 2022, which showed an increase of 106.87 points to 846.64, a 14.4% improvement from the prior month. Compared to the same period last year, however, the index was down 231.28 points, or 21.5%.

The latest period marked the first month-over-month increase following a two consecutive month skid. In October, nine of the 12 AGEM Index companies reported stock price increases, resulting in nine positive contributions and three negative ones. 

The largest positive contributor to the monthly index was Aristocrat Leisure Limited, whose 12.6% increase in stock price led to a 35.62-point gain to the index. Light & Wonder contributed a 29.78-point increase to the index as a result of a 30.9% surge in its stock price. 

The largest negative contribution was by Konami, whose 2.3% decline in stock price resulted in a 5.20-point loss for the AGEM Index. 

All three major U.S. stock indices saw month-over-month increases in October 2022. The Dow Jones Industrial Average increased by 13.9% from September, while the S&P 500 grew by 8%. Meanwhile, the NASDAQ rose 3.9% over the month. 

The Index’s results for September had shown a decline of 91.73 points to 739.77, an 11% fall from the prior month. Compared to the same period last year, the index was down 306.97 points, or 29.3%.

During September, 11 of the 12 AGEM Index companies reported stock price decreases, resulting in 11 negative contributions to the AGEM Index and one positive contribution. The largest negative contributor to the monthly index was Aristocrat, whose 7.8% decrease in stock price led to a 44.19-point loss to the index.