The AGEM Index declined by 45.71 points to 925.87 in January, marking a 4.7 percent decrease from December 2021. Compared to one year ago, however, the index increased by 229.80 points for an annual growth rate of 33.0 percent.
Last month, nine of the AGEM Index companies reported stock-price decreases amid a broad market decline. Only three companies posted positive contributions to the Index.
The top contributor to the monthly index was Konami Corporation, whose 11.1 percent increase in stock price led to a 16.69-point gain for the Index. The largest negative contributor was Aristocrat Leisure Limited, whose 7.4 percent drop in price resulted in a 35.24-point decrease. A double-digit drop in the stock price for Scientific Games Corporation was also a driving factor in the January decline. The company reported a 13.7 percent decline in stock price, which led to a 15.63-point decline to the Index.
All three major U.S. stock indices also decreased over the latest period. The Dow Jones Industrial Average declined 3.3 percent, the S&P 500 fell by 5.3 percent, and the NASDAQ experienced a 9.1 percent plunge.
