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AGEM Index up 2.4% in May, with Konami, Aristocrat leading

The monthly AGEM Index of global gaming stocks rose by 20.68 points to 883.10 in May from the prior month, marking a 2.4 percent increase from April, pushed up by Konami and Aristocrat.

However, compared with the same month a year ago, the index was down 9.9 percent. Six AGEM Index companies were higher, while six fell.  

The largest positive contributor to the monthly index was Konami Corp., which reported an 18.99-point gain to the index as a result of an 9.5 percent increase in overall stock price. Aristocrat Leisure contributed a 6.23-point gain to the index with a 0.4 percent increase in the company’s stock price coupled with a strengthened exchange rate between the United States dollar and the Australian dollar. 

The largest negative contribution to the index was sourced to Light & Wonder, whose 5.8 percent decline in stock price equated to a 5.78-point loss in the overall index.

In April, the AGEM Index of global gaming stocks posted a 9.7 percent decrease from the prior month, with all 12 index stocks making a negative contribution.

AGBrief Editorial
AGBrief Editorialhttps://agbrief.com/about-asia-gaming-brief/
The AGBrief Editorial Team is a group of contributors living around the world that are connected to Asia Gaming Brief. They are active members in pursuing the sources of our news, making them reliable and accurate for our readers.

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