AGEM Index down 4.8% in December

Seven of the 12 AGEM Index companies saw stock price decreases.

Asia.- The AGEM Index reached 1,564.82 points in December 2024. That’s a decrease of 79.54 points or 4.8 per cent sequentially. However, in year-on-year terms, the index rose 39.9 per cent, or 446.00 points.

Seven of the 12 AGEM Index companies saw stock price decreases, resulting in nine negative contributions and three positive.

Aristocrat Leisure Limited was the largest negative contributor. Although the company’s stock price rose 0.9 per cent, a change in the Australian to United States dollar exchange rate ultimately led to a 28.86-point loss to the index. Meanwhile, Light & Wonder stock price decreased by 9.1 per cent, leading to a 19.14-point loss for the index. Ainsworth Game Technology was the largest positive contributor. A 15.3 per cent increase resulted in a 0.49-point gain to the Index.

In 2024, the AGEM Index rose by 34 per cent. Since the index began in 2005, 2024 ranked as the fifth-fastest growing year and fell just short of 2021’s growth.

The AGEM Index, created by the Association of Gaming Equipment Manufacturers (AGEM), consists of 12 global gaming suppliers from around the world. Nine of the suppliers are based in the United States and are listed on the NYSE, Nasdaq, or OTC market, while two are listed on the Australian exchange and one on the Tokyo exchange.

The index is calculated using the month-end stock price of each company, adjusted for dividends and splits, and is weighted based on an estimated market capitalisation.