Aristocrat and Crane Co lead AGEM Index to strong 13.5% increase in January

The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – increased by 13.5% or 113.32 points in January to 952.42 points, with Aristocrat Leisure Ltd and Crane Co enjoying the most significant gains to kick off 2023.

The January result was also up by 2.9% or 26.55 points compared with January 2022 as a result of 11 of the 12 AGEM Index companies reporting stock price increases.

According to the Association of Gaming Equipment Manufacturers (AGEM), which compiles the index, the largest positive contributor to the index in December was Aristocrat whose 11.3% increase in stock price led to a 44.5-point gain to the index. Crane Co also contributed an 18.7-point gain on 15.4% increase in its stock price.

Ainsworth Game Technology was the only negative contributor for the month with its 3.7% decrease in stock price resulting in a 0.01-point loss.

All three major U.S. stock indices saw month-over-month increases in January 2023. The Dow Jones Industrial Average grew by 2.8% from December, while the S&P 500 grew by 6.2% and the NASDAQ by 10.7%.