The Association of Gaming Equipment Manufacturers (AGEM) announced that the AGEM Index, which the organization publishes as a record of stock price changes for gaming industry suppliers, fell by 32.33 points in August 2022 to 831.50, marking a 3.7 percent decline from the prior month.
Compared to one year ago, the index was down 181.38 points, or 17.9 percent. During the latest month, seven of the 12 AGEM Index companies reported stock price decreases, which resulted in eight negative contributions to the AGEM Index and four positive contributions.
The largest negative contributor to the monthly index was Konami Corp. (TYO: 9766), whose 9.7 percent decrease in stock price led to a 19.75-point loss to the index. Crane Co. (NYSE: CR) contributed a 5.21-point decline in the index due to a 4.6 percent decrease in its stock price. The largest positive contribution to the index was PlayAGS Inc. (NYSE: AGS), whose 55.3 percent increase in stock price equated to a 3.22-point gain for the Index.
All three major U.S. stock indices saw month-over-month decreases in August 2022, marking the second time this has occurred in the past three months. The Dow Jones Industrial Average fell by 4.1 percent from July, while the S&P 500 declined by 4.2 percent. Meanwhile, the NASDAQ fell 4.6 percent over the latest period.
Full statistics and data can be found at AGEMIndex.com.
