The AGEM (Association of Gaming Equipment Manufacturers) Index rounded out the year on a high note, rising by 2.7 percent in December from the prior month. Compared to one year ago, the index was up by 33.3 percent.
During the past month, 10 of the 12 AGEM Index companies reported stock price increases, which resulted in 10 positive contributions and two negative contributions to the AGEM Index.
The largest positive contribution to the monthly index was sourced to Aristocrat Leisure Limited (ASX: ALL), whose 0.6 percent increase in stock price led to a 16.09-point gain for the index.
Meanwhile, Konami Corp. saw its stock price increase by 0.9 percent, leading to a 10.31-point gain for the index.
The largest negative contribution to the index was sourced to Light & Wonder, whose 7.1 percent decrease in stock price resulted in a 12.71-point loss to the AGEM Index.
All three major U.S. stock indices increased in December 2023. The NASDAQ rose by 5.5 percent over the month, while the S&P 500 grew by 4.4 percent. Meanwhile, the Dow Jones Industrial Average increased by 4.8 percent from the prior month.
