The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – fell by 9.7% or 92.98 points to 864.42 points in April, with the share prices of Aristocrat and IGT both suffering declines.
Compared with April 2021, the past month’s numbers represent a 0.5% improvement, rising 3.99 points.
According to the Association of Gaming Equipment Manufacturers (AGEM), which compiles the index, 11 of the 12 AGEM Index companies reported stock price declines during the month, with only one company posting an increase. The April decline ends a three-month period of growth.
The largest negative contributor to the monthly index was Aristocrat Leisure Limited, which reported a 47.42-point index loss as a result of an 8.3% decline in stock price.
International Game Technology PLC contributed an 11.40-point loss to the index due to an 11.6% drop in the company’s stock price, while Konami Corp contributed a 5.19-point loss for the index despite being the only index company in the black, with its stock price rising 3.7% due to a weakened exchange rate between the United States dollar and the Japanese yen.
All three major US stock indices also observed negative growth in April. The Dow Jones Industrial Average decreased by 4.9% from March, while the S&P 500 fell by 8.8% and the NASDAQ saw a 13.3% decline over the month.
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