AGEM Index falls 8.1% in June, with only Agilysys positive contributor

The Association of Gaming Equipment Manufacturers (AGEM) Index dropped 8.1 percent in June from the prior month with only Agilysys making a positive contribution.

The index was also down 183.98 points from a year ago at 811.39, a drop of 18.5 percent. Ten of the 12 listed companies saw their stock price decline and all but one were a negative pull. 

Agilysys  added 4.05 points to the index as a result of a 15.7 percent increase in its stock price. The largest negative contributor to the index was Konami Corp, whose 14.7 percent decline in stock price resulted in a 31.61-point fall to the index. 

International Game Technology saw its stock price fall 13.4 percent, resulting in an 11.13-point loss to the index.

All three major U.S. stock indices saw both month-over-month and year-over-year losses in June 2022. The NASDAQ fell by 8.7 percent from May, while the S&P 500 fell by 8.4 percent. Meanwhile, the Dow Jones Industrial Average saw a 6.7 percent decline over the month.

Sharon Singleton is a multi-media reporter with experience ranging from website management to reporting and editing for newspapers, news agencies and television. As Managing Editor she's been working with Asia Gaming Brief since 2013 and her specialties are: Business, current affairs, fluent in Italian, French, with working knowledge of Spanish.