The AGEM Index saw a healthy rebound in January, rising by 4.2 percent from the prior month. Particularly, however, the Index saw healthy growth of 39.5 percent compared to January 2024.
During the month, 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 negative contribution to the monthly index was Agilysys, whose 31.5 percent monthly drop in stock price caused a 20.22-point loss for the index. Only a yearly basis, the stock price was up by 7.8 percent.
Ainsworth Game Technology booked a 20.2 percent stock decrease monthly, and a near 50 percent yearly drop, however this caused just a 0.73-point loss for the index.
Meanwhile, Aristocrat Leisure saw its stock price increase by 10.5 percent month-on-month, leading to a 81.83-point gain for the index. On a yearly basis, the stock price was up nearly 70 percent.
All three major US stock indices saw increases in January. The NASDAQ rose by 1.6 percent over the month, while the Dow Jones Industrial Average grew by 4.7 percent and the S&P 500 increased by 2.7 percent.
