The AGEM Index experienced a notable increase of 50.33 points in September 2024, reaching 1,552, marking a 3.4 percent rise compared to the previous month and an impressive 47.1 percent surge, or 496.89 points, from the same period last year.
In September, six out of the twelve companies included in the AGEM Index reported stock price increases, balancing the contributions of positive and negative movements.
Aristocrat Leisure Limited (ASX: ALL) stood out as the largest positive contributor, with a stock price increase of 7.1 percent, adding 53.66 points to the index.
Konami Corp. (TYO: 9766) also performed strongly, with a 10.7 percent rise in its stock price, contributing 43.16 points to the AGEM Index. Conversely, Light & Wonder Inc. (NASDAQ: LNW) faced challenges, as its stock price dropped by 17.4 percent, resulting in a 35.17-point loss for the index.
In broader market trends, all three major U.S. stock indices reported gains for September. The Dow Jones Industrial Average increased by 1.5 percent, while both the NASDAQ and the S&P 500 rose by 0.9 percent.
Produced by the Association of Gaming Equipment Manufacturers, the index tracks twelve global gaming suppliers, with nine based in the U.S. and listed on major exchanges.
Among these, nine companies are based in the United States and listed on the NYSE, Nasdaq, or OTC markets, while two trade on the Australian exchange and one on the Tokyo exchange.
The index is calculated based on month-end stock prices adjusted for dividends and stock splits, weighted by market capitalization. To facilitate comparability, market capitalizations of foreign manufacturers are converted to U.S. dollar equivalents as of month-end. The AGEM Index is benchmarked to a value of 100 as of January 2005.
