The Association of Gaming Equipment Manufacturers (AGEM), which compiles the index, said the largest negative contributor to the index in September was Konami, which saw a 6.7% decrease in stock price – leading to a 16.50-point loss to the index.
Light & wonder also saw its stock price fall by 7.0%, leading to an 11.50-point loss.
The index was, however, 42.7% or 315.92 points higher compared with the same month in 2022 despite 11 of the 12 AGEM Index companies reporting month-on-month stock price decreases.
According to AGEM, the lone positive contribution to the index was from Ainsworth Game Technology, whose 5.2% increase in stock price resulted in a 0.24-point gain to the AGEM Index.
All three major U.S. stock indices declined in September 2023, with the NASDAQ declined by 5.8% over the month, the S&P 500 by 4.9% and the Dow Jones Industrial Average by 3.5%.
