AGEM Index sees 4.2% increase in January with Aristocrat 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 65.18 points to 1,630.00 points, or by 4.2%, as compared to the prior month. Compared to one year ago, the index was up 461.90 points, or 39.5%. 

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

The largest positive contribution to the index was sourced to Aristocrat Leisure Limited, whose 10.5% increase in stock price led to an 81.83-point gain to the index. Meanwhile, Crane NXT saw its stock price increase by 9.9%, leading to a 9.19-point increase for the index. 

The largest negative contribution to the index was sourced to Agilysys, whose 31.5% decrease in stock price resulted in a 20.22-point loss to the AGEM Index. 

In January, all three major U.S. stock indices increased from the prior period. The Dow Jones Industrial Average grew by 4.7% over the month, while the S&P 500 grew by 2.7%. Meanwhile, the NASDAQ increased by 1.6% from the prior month.