AGEM index

AGEM is an international trade association representing manufacturers of electronic gaming devices, systems, lotteries and components for the gaming industry. The association works to further the interests of gaming equipment manufacturers throughout the world. Through political action, trade show partnerships, information dissemination and good corporate citizenship, the members of AGEM work together to create benefits for every company within the organization. Together, AGEM and its member organizations have assisted regulatory commissions and participated in the legislative process to solve problems and create a positive business environment.

The AGEM Index increased by 113.32 points in January 2023 to 952.42, a 13.5 percent jump from the prior month. Compared to one year ago, the index was up 26.55 points, or 2.9 percent. During the latest month, 11 of the 12 AGEM Index companies reported stock price increases, which resulted in 11 positive contributions to the AGEM Index and one negative contribution. The largest positive contribution to the monthly index was sourced to Aristocrat Leisure Limited (ASX: ALL), whose 11.3 percent increase in stock price led to a 44.55-point gain to the index. Meanwhile, Crane Co. (NYSE: CR) observed a 15.4 percent increase in stock price that translated to an 18.7-point gain to the index. The lone negative contribution to the index was sourced to Ainsworth Game Technology (ASX: AGI), whose 3.7 percent decrease in stock price resulted in a 0.01-point loss for the AGEM Index. All three major U.S. stock indices saw month-over-month increases in January 2023. The NASDAQ increased by 10.7 percent from the prior month, while the S&P 500 grew by 6.2 percent. Meanwhile, the Dow Jones Industrial Average rose 2.8 percent from December.