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Sep 16 2024

AGEM index rises 8 pctm-o-m in February

The AGM index, which measures the shares of various casino technology providers, rose 93.00 points to 1,261.10 in February, up 8.0% from the previous month, according to a written statement on Wednesday. Compared with a year ago, it was up 310.19 points, or 32.6%.

Eight out of 12 AGEM index companies have reported gains in their shares in the past month, with just "four negative contributions" to the AGEM index, the issuer Game Equipment Manufacturers Association (AGM) said.

The top positive contributor to the monthly index was gaming equipment and content provider Light & Wonder, whose shares rose 25.0% to 52.52 points.

Shares of Australian-listed slot machine maker and gaming content provider Ebricat Lessure Ltd rose 5.1%, sending the index up 17.69 points. 파워볼사이트

The biggest negative contributors to the index were hospitality business software maker Nasdaq-listed Agilys Inc, whose shares fell 7.1%, sending the AGEM index down 3.48 points

All three major U.S. stock indexes rose in February, their fourth straight month of overall gains. The S&P 500 rose 5.1% for the month, while the Dow Jones Industrial Average rose 2.2% month-over-month. The Nasdaq Composite rose 6.1% month-over-month.

AGEM represents manufacturers of electronic gaming devices, systems, lottery tickets, and components for the gaming industry. The association began collecting index data based on 100 points in January 2005. The stocks that make up the AGEM index are weighted by their approximate market cap.