AGEM Index sees 4.4% increase in January with Konami as the largest positive contributor

The Association of Gaming Equipment Manufacturers (AGEM) has announced the latest results for its Index, encompassing the month of January, which show an increase of 49.28 points to 1,168.82 points, or by 4.4%, as compared to the prior month. Compared to one year ago, the index was up 215.67 points, or 22.6%.

The AGEM Index is a monthly stock performance guide comprising 12 global gaming suppliers. During January, 6 of the 12 AGEM Index companies reported stock price increases, which resulted in 6 positive contributions and 6 negative contributions to the AGEM Index.

The largest positive contribution was sourced to Konami Corp., whose 23.6% increase in stock price led to a 37.27-point gain to the index. Meanwhile, Aristocrat saw its stock price increase by 9.0%, leading to a 22.52-point gain for the index. The largest negative contribution to the index was sourced to International Game Technology, whose 5.3% decrease in stock price resulted in a 6.53-point loss for the index.

All three major U.S. stock indices increased in January 2024. The S&P 500 rose by 1.7% over the month, while the Dow Jones Industrial Average grew by 1.2%. The NASDAQ increased by 1.0% from the prior month.

AGEM represents manufacturers of electronic gaming devices, systems, lotteries, and components for the gaming industry. The association began compiling data for the index in January 2005, using a base of 100 points. The stocks that constitute the AGEM Index are weighted by approximate market capitalization.