The AGEM Index increased by 49.28 points to 1,168.10 in January 2024, a 4.4 percent increase from the prior month. Compared to one year ago, the Index was up 215.67 points, or 22.6 percent. During the latest month, six of the 12 AGEM Index companies reported stock price increases, which resulted in six positive contributions and six negative contributions to the Index.
The largest positive contributor to the monthly index was Konami Corp., whose 23.6 percent increase in stock price led to a 37.27-point gain for the Index. Aristocrat Leisure Limited’s stock price increased by 9.0 percent, leading to a 22.52-point gain.
The largest negative contribution was sourced to International Game Technology PLC, whose 5.3 percent decrease in stock price resulted in a 6.53-point loss to the Index.
By comparison, all three major U.S. stock indices increased in January 2024, which marked the third consecutive month of growth across the board. The S&P 500 rose by 1.7 percent over the month, the Dow Jones Industrial Average grew by 1.2 percent, and the NASDAQ increased by 1.0 percent from the prior month.
