AGEM Index slips in January despite annual growth of over 11%

The AGEM Index declined by 15.69 points in January 2026, ending the month at 1,815.99. The 0.9% drop came as six of the 10 companies tracked by the index reported monthly decreases in stock price.

Despite the January dip, the index remained up 11.4% compared to the same period last year, an annual gain of 185.99 points. 

Aristocrat Leisure Limited accounted for the largest downward pressure on the index, with a 7.9% fall in its share price translating to a 53.41-point loss. Agilysys also weighed heavily on the index, with a 27.0% drop in stock price leading to a 20.53-point decrease.

Offsetting some of the losses, Konami Corp. delivered the largest positive contribution for the month. The company’s 5.3% rise in stock value added 40.64 points to the AGEM Index.

Across the broader market, all three major U.S. stock indices posted gains in January. The Dow Jones Industrial Average increased by 1.7%, the S&P 500 rose 1.4%, and the NASDAQ recorded a 0.9% monthly gain.

The AGEM Index, compiled by the Association of Gaming Equipment Manufacturers (AGEM), tracks the performance of 10 publicly traded global gaming suppliers. The index is computed based on the month-end stock price (adjusted for dividends and splits) of each company and weighted based on approximation of market capitalization.