Strong growth in the stock price of Japan’s Konami Corp and Australian slot machine developer Ainsworth Game Technology helped the AGEM Index continue its positive momentum in January, increasing by 1.3%.
Although slower than in recent months, the index still improved by 8.96 points to 696.08 points – reflecting ongoing recovery from the global COVID-19 pandemic
The AGEM Index is a monthly stock performance guide comprising 13 global gaming suppliers and produced by the Association of Gaming Equipment Manufacturers. December’s index had seen a 9.5% increase over the previous month.
January’s increase came despite eight of the 13 companies trending negatively. The AGEM Index was buoyed, however, by Konami Corp which saw its stock price grow 13.4% to contribute 18.22 points to January’s index.Ainsworth shares grew 66.7% for a contribution of 2.47 points.
Change for the major stock indices was mixed with the Dow Jones Industrial Average and the S&P 500 declining by 2.0% and 1.1% respectively, while the NASDAQ grew by 1.4%.
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