HomeNewsElsewhereAGEM Index down by 0.9% monthly in January

AGEM Index down by 0.9% monthly in January

The Association of Gaming Equipment Manufacturers (AGEM) Index marked January with a slight retraction, falling by 0.9 percent from the prior month. Compared to one year ago, the index was up by 11.4 percent.

During the month, six of the 10 AGEM Index companies reported stock price decreases, which resulted in six negative contributions and four positive contributions to the AGEM Index.

AGEM

The largest negative contribution to the monthly index was Aristocrat Leisure Limited, whose 7.9 percent fall in stock price led to a 53.41-point loss for the index.

Meanwhile, Agilysys saw its stock price fall by 27 percent, leading to a 20.53-point loss for the index.

The largest positive contribution to the index was Konami Corp, whose 5.3 percent increase in stock price resulted in a 40.64-point gain for the AGEM Index.

In January, all three major US stock indices increased from the prior month. The NASDAQ rose by 0.9 percent month-on-month, while the S&P 500 increased 1.4 percent and the Dow Jones Industrial Average rose by 1.7 percent from the prior month.

Kelsey Wilhelm
Kelsey Wilhelmhttps://agbrief.com
Kelsey Wilhelm is a print and broadcast journalist and editor. Based in Asia for over 20 years, he saw the birth of Macau's rampantly successful gaming industry, propelling him into the world of casinos. Now focusing on all markets throughout Asia, he embraces new technologies and trends, from sports betting to online gaming – always seeking the new frontier.

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