The AGEM Index marked the half-year point on a high note, rising by 7 percent from the prior month. Compared to one year ago, the index was up by 30.1 percent.
During the month, 10 of the 12 AGEM (Association of Gaming Equipment Manufacturers) Index companies reported stock price increases, which resulted in 11 positive contributions and six negative contributions to the AGEM Index.
The largest positive contribution to the monthly index was Aristocrat Leisure Limited, whose 9 percent increase in stock price led to a 34.13-point gain for the index.
Meanwhile, International Game Technology (IGT) saw its stock price increase by 14.7 percent, leading to a 16.59-point gain for the index.
The sole negative contribution to the index was PlayAGS, whose 0.4 percent decrease in stock price resulted in a 0.05-point loss to the AGEM Index.
The AGEM Index has seen 16 consecutive months of positive yearly growth, with all but one period showing double-digit growth – the longest period of sustained growth since November 2020 to April 2022.
In July, two of the three major US stock indices decreased. The NASDAQ fell by 3.2 percent month-on-month, while the S&P 500 dropped by 0.6 percent. Meanwhile, the Dow Jones Industrial Average increased by 2.7 percent from the prior month.
