The AGEM Index was muted in December, dropping by 4.8 percent from the prior month. However, compared to December of 2023, the Index saw healthy growth of 39.9 percent.
During the month, seven of the 12 Association of Gaming Equipment Manufacturers (AGEM) Index companies reported stock price increases, which resulted in nine negative contributions and three positive contributions to the AGEM Index.
The largest negative contribution to the monthly index was Aristocrat Leisure, whose 0.9 percent increase in stock price was offset by changes in the exchange rate between the US and Australian dollar, causing a 28.86-point loss for the index.
In addition, Light & Wonder booked a 9.1 percent stock decrease, causing a 19.14-point loss for the index.
Meanwhile, Ainsworth Game Technology saw its stock price increase by 15.3 percent, leading to a 0.49-point gain for the index.
Two of the three major US stock indices decreased in December. The NASDAQ rose by 0.5 percent over the month, while the Dow Jones Industrial Average fell by 5.3 percent and the S&P 500 fell by 2.5 percent.
Over the course of 2024, the AGEM Index rose by 34 percent, with 2024 marking the fifth-fastest growing year, just shy of 2021’s growth figures.
