Compared to one year ago, the index reported significant growth, gaining 328.47 points for an annual growth rate of 52.0 percent. In the latest period, all AGEM Index companies reported decreases in stock price over the period. The recent decline in the overall index can be attributed to a number of factors, including rising concerns of the omicron variant which trigged stock sell-offs, poor quarterly earnings performances, instability in the U.S. dollar exchange rates as well as rising inflation.

The largest decline to the index was attributed to Aristocrat Leisure Limited (ASX: ALL). Due to a 5.5 percent decline in overall stock price, Aristocrat Leisure Limited had a negative 48.00-point contribution to the AGEM Index. Scientific Games Corporation (NASDAQ: SGMS) saw a 20.1 percent decline in stock price, which resulted in a 27.11-point decline for the overall index. Meanwhile, Konami Corporation (TYO: 9766) reported a 10.1 percent decline in stock price, subtracting 13.91 points from the index. Despite the sharp decrease in November, the index remained among its highest levels in tracked history and has tripled in value since the onset of the pandemic in March 2020.

Two of the three major U.S. stock indices saw decreases over the month, with the Dow Jones Industrial Average and the S&P 500 declining by 3.8 percent and 0.8 percent, respectively. At the same time, the NASDAQ experienced a 0.1 percent increase.

The AGEM Index

The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index that comprises 12 global gaming suppliers throughout the world. A total of nine suppliers are based in the United States and are listed on the NYSE, Nasdaq or OTC market, while two trade on the Australian exchange and one on the Tokyo exchange. The index is computed based on the month-end stock price (adjusted for dividends and splits) of each company and weighted based on approximation of market capitalization. Market capitalizations for manufacturers trading on foreign exchanges have been converted to US dollar-equivalents as of month-end for comparability purposes. The AGEM Index is based on a 100-point value as of January 2005. Company stock prices and AGEM Index contributions may be revised as necessary due to stock splits, reverse stock splits, mergers, acquisitions and other business activities.