The AGEM Index increased by 113.32 points in January, rising to 952.42, a 13.5% increase from December and up 26.55 points, or 2.9 percent, year over year. In January, 11 of the 12 Index companies reported stock-price increases, which resulted in 11 positive contributions to the Index and one negative contribution.
The largest positive contribution was from Aristocrat Leisure Limited, whose 11.3% increase in stock price led to a 44.55-point gain for the Index. Crane Co.’s 15.4% increase translated to an 18.70-point gain for the Index.
The lone negative contribution was from Ainsworth Game Technology; its 3.7% decrease in stock price resulted in a 0.01-point loss for the Index.
By comparison, all three major U.S. stock indices recorded increases in January 2023. The NASDAQ increased by 10.7% from the prior month, while the S&P 500 grew by 6.2% and the Dow Jones Industrial Average rose 2.8% over December.
