AGM index rises 2.7 pct mo-m in December

The AGM index, which measures shares of various casino technology suppliers, rose 29.82 points in December to 1,118.82, up 2.7% from the previous month, according to Thursday’s announcement. Compared to a year ago, the index gained 279.72 points, or 33.3%.

During December, 10 of the 12 AGEM index companies reported higher stock prices, while there were “negative contributions to the two AGEM indices,” said Association of Gaming Equipment Manufacturers (AGM), publisher of the index.

The biggest positive contribution to the monthly index was a 16.09 point gain in the AGEM index, as shares of Australian-listed slot machine maker and digital content provider Arbistat Leasure Ltd rose 0.6%.

Japan’s Konami Group, which supplies casino slot machines and floor management systems through Konami Gaming Inc and Konami Australia Pty Ltd, saw shares rise 0.9% in December, sending the AGEM index up 10.31 points.

The biggest negative contributor to the monthly index was gaming equipment and content provider Light & Wonder Inc, whose shares fell 7.1% month-over-month, sending the index down 12.71 points.

All three major U.S. stock indexes rose in December 2023. The Nasdaq rose 5.5% for the month and the S&P 500 gained 4.4%. The Dow Jones Industrial Average rose 4.8% from the previous month.

AGEM stands for manufacturers of electronic game devices, systems, lottery tickets, and parts for the gaming industry. The association began collecting data on the index based on a score of 100 in January 2005. The stocks that make up the AGEM index are weighted by approximate market capitalization.

BY: 사설경마사이트

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