The AGEM Index – a monthly stock performance guide comprising 12 global gaming suppliers – increased by 4.4% or 49.28 points to 1,168.10 points in January, with Konami Corp and Aristocrat providing the largest positive contributions.
The index was also 22.6% or 215.67 points higher compared with the same month in 2023, with six of the 12 AGEM Index companies reporting month-on-month stock price increases.
The Association of Gaming Equipment Manufacturers (AGEM), which compiles the index, said the largest positive contributor to the index in January was Konami, which saw a 23.6% increase in stock price – leading to a 37.27-point gain to the index.
Aristocrat also saw its stock price grow by 9.0%, leading to a 22.52-point increase.
According to AGEM, the largest negative contribution to the index was from IGT, whose 5.3% decline in stock price resulted in a 6.53-point loss to the AGEM Index.
All three major US stock indices increased slightly in January 2024, with the NASDAQ up by 1.0% over the month, while the S&P 500 grew by 1.7% and the Dow Jones Industrial Average by 1.2% from the prior month.
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