AGEM Index shows 4.7% monthly drop in January amid broad market decline

The AGEM Index published Thursday its numbers for January 2022. The first month of the year saw a decline by 45.71 points to 925.87, marking a 4.7% decrease from December 2021.

Compared to one year ago, the index increased by 229.80 points for an annual growth rate of 33%. In the latest period, nine of the AGEM Index companies reported stock price decreases amid a broad market decline. As a result, three companies posted positive contributions to the index, while the other nine posted negative contributions.

 
The top contributor to the monthly index was Konami Corporation, whose 11.1% increase in stock price led to a 16.69-point gain for the index. The largest negative contributor to the index was Aristocrat Leisure Limited , whose 7.4% drop in overall stock price resulted in a 35.24-point decrease in the AGEM Index.

A double-digit drop in the stock price for Scientific Games Corporation was also a driving factor in the monthly drop in the index. The company reported a 13.7% decline in stock price, which led to a 15.63-point decline to the index.
 
All three major U.S. stock indices decreased over the latest period. The Dow Jones Industrial Average declined 3.3%, while the S&P 500 fell by 5.3%. Meanwhile, the NASDAQ experienced a 9.1% fall.

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.