AGEM Index stays nearly flat at 0.2% drop in February with Aristocrat as largest constructive contributor

The Association of Gaming Equipment Manufacturers (AGEM) has introduced the most recent outcomes for its Index, displaying a lower of 1.51 factors in February to 950.91, a 0.2% fall from the prior month. In comparison with 2022, the index was down 2.04 factors, additionally a 0.2% drop.

The AGEM Index is a month-to-month inventory efficiency information comprising 12 international gaming suppliers. Throughout the newest month, six of the 12 AGEM Index corporations reported inventory value will increase, which resulted in 5 constructive contributions to the AGEM Index and 7 destructive ones. 

The most important constructive contribution to the month-to-month index was sourced to Aristocrat Leisure Limited, whose 7.6% improve in inventory value led to a 9.27-point achieve to the index. Moreover, Crane Co. noticed its inventory value improve by 3.3%, resulting in a 4.76-point achieve within the index. 

The most important destructive contribution to the index was sourced to Konami Corp, whose 5.7% lower in inventory value resulted in a 12.48-point loss for the AGEM Index. 

All three main U.S. inventory indices noticed month-over-month decreases in February 2023. The Dow Jones Industrial Common decreased by 4.2% from the prior month, whereas the S&P 500 fell by 2.5%. NASDAQ dipped by 0.9% from January.