The AGEM index, which represents shares of various casino technology suppliers, fell 44.35 points to 1,011.35 in October, down 4.2 percent from the previous month, according to Thursday's release. Compared to a year ago, the index rose 164.71 points to 19.5 percent.
During October, eight of the 12 AGEM index companies reported a drop in their shares, with only "four positive contributions," according to index issuer Game Equipment Manufacturers Association (AGEM).
The biggest negative contribution to the monthly index was the AGEM index down 28.68 points as shares of Australian listed slot machine maker and digital content provider Arcoleat Leisure Ltd fell 5.7%.
Game equipment maker and content provider International Gaming Technology (IGT) lost 16.2%, sending the index down 20.94 points.
The biggest positive contributor to the index was Nasdaq-listed Agilisys Inc., a business software maker in the hospitality sector, which saw its stock rise 29.7%, sending the AGEM index up 16.44 points. The rise in Agilisys shares was fueled by financial results for the second quarter of fiscal 2024, and the company reported a 22.8% year-over-year increase in net profit.
All three major U.S. stock indexes fell in October 2023. The Nasdaq fell 2.8% for the month and the S&P 500 fell 2.2%. The Dow Jones Industrial Average is down 1.4% from a month ago.
AGEM stands for manufacturers of electronic gaming devices, systems, lotteries, and parts for the gaming industry. The association began collecting data on the index in January 2005, based on a score of 100. The stocks that make up the AGEM index are weighted by approximate market capitalization.
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