The AGEM Index increased by 29.82 points to 1,118.82 in December 2023, a 2.7 percent increase from the prior month. Compared to one year ago, the index was up 279.72 points, or 33.3 percent. During the latest month, 10 of the 12 AGEM Index companies reported stock price increases, which resulted in 10 positive contributions and two negative contributions to the AGEM Index.
The largest positive contribution to the monthly index was sourced to Aristocrat Leisure Limited (ASX: ALL), whose 0.6 percent increase in stock price led to a 16.09-point gain for the index. Meanwhile, Konami Corp. (TYO: 9766) saw its stock price increase by 0.9 percent, leading to a 10.31-point gain for the index. The largest negative contribution to the index was sourced to Light & Wonder Inc. (Nasdaq: LNW), whose 7.1 percent decrease in stock price resulted in a 12.71-point loss to the AGEM Index.
READ THE FULL ARTICLE BY APPLIED ANALYSIS IN THE 2024 SPRING EDITION OF GAMING & LEISURE MAGAZINE.