The AGM index, which represents 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 statement written on Wednesday. Compared to a year ago, the AGM index was up 310.19 points, or 32.6%.
In the last month, eight of the 12 AGEM index companies reported gains in their shares, with only "four" negative contributions to the AGEM index, publishers Game Equipment Manufacturers Association (AGM) said.
The biggest positive contributors to the monthly index were gaming equipment and content provider Light & Wonder, whose shares rose by 52.52 points as the stock rose 25.0%.
Australia-listed slot machine maker and gaming content provider Arbistat Leasure Ltd shares rose 5.1%, sending the index up 17.69 points.
The biggest negative contributor to the index was Agilysys Inc., a Nasdaq-listed business software maker for the hospitality sector, whose shares fell 7.1% to fall 3.48 points on the AGEM index
All three major U.S. stock indexes posted their fourth straight month of growth overall in February. The S&P 500 rose 5.1% for the month, while the Dow Jones Industrial Average rose 2.2% month-over-month. The Nasdaq rose 6.1% month-over-month.
AGEM stands for manufacturers of electronic gaming devices, systems, lottery tickets, and parts for the gaming industry. The association began collecting data on the index based on 100 points in January 2005. The stocks that make up the AGEM index are weighted by an approximate market cap.
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