AGEM Index surged 8% in February, led by Light & Wonder and Aristocrat.

The AGEM Index, which tracks the monthly stock performance of 12 global gaming suppliers, surged by 8.0% or 93.00 points to reach 1,261.10 points in February. Leading this growth were Light & Wonder and Aristocrat, making the most substantial positive contributions.

Compared to February 2023, the index also showed a significant increase of 32.6% or 310.19 points, with eight out of the 12 AGEM Index companies reporting month-on-month stock price gains.

Light & Wonder emerged as the top positive contributor, with a 25.0% surge in its stock price, adding 52.52 points to the index. Aristocrat also experienced a notable uptick of 5.1%, resulting in a 17.69-point increase.

However, Agilysys had the most significant negative impact on the index, with a 7.1% decrease in its stock price leading to a 3.48-point loss.

In the broader market context, all three major US stock indices saw marginal gains in February 2024, with the NASDAQ rising by 6.1%, the S&P 500 by 5.1%, and the Dow Jones Industrial Average by 2.2% compared to the previous month.

Original Story by: IAG