AGEM Index Dips 9% in April, Aristocrat and Light & Wonder Hit Hardest

Key to the performance of gaming supplier stocks worldwide, the AGEM Index dropped 9.0% in April, from 1,109.06 to 109.86 points.

Aristocrat and Light & Wonder were found to have had significant roles in the downturn.

Only two of the twelve companies in the AGEM Index reported monthly increases in their stock prices; yet, the index rose by 14.2% from April 2023 to this dip.

Aristocrat’s stock price fell 7.2%, causing the index to lose 37.06 points.

In a similar vein, Light & Wonder dropped 12.6%, landing a 27.73-point loss.

On the bright side, Transact Technologies ad

ded just 0.03 points to the AGEM Index with a 2.1% rise in stock price.

In April, all three of the main US stock indexes witnessed declines, signaling a widespread market collapse.

The NASDAQ and S&P 500 saw declines of 4.4% and 4.2%, respectively, from the prior month, while the Dow Jones Industrial Average saw a 5.0% decline.

The AGEM Index is still a valuable tool for monitoring the performance of the biggest companies in the gaming sector and for gauging investor mood and market trends in spite of these losses.

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

Original Story by: Inside Asian Gaming