The AGEM Index started the year on a high note, rising by 4.4 percent from the prior month. Compared to one year ago, the January index was up by 22.6 percent.
During the month, six of the 12 AGEM Index companies reported stock price increases, which resulted in six positive contributions and six negative contributions to the AGEM Index.
The largest positive contribution to the monthly index was Konami Corp., whose 23.6 percent increase in stock price led to a 37.27-point gain for the index.
Meanwhile, Aristocrat Leisure Limited saw its stock price increase by 9 percent, leading to a 22.52-point gain for the index.
The largest negative contribution to the index was sourced to International Gaming Technology, whose 5.3 percent decrease in stock price resulted in a 6.53-point loss to the AGEM Index.
All three major U.S. stock indices increased in January. The NASDAQ rose by 1 percent over the month, while the S&P 500 grew by 1.7 percent. Meanwhile, the Dow Jones Industrial Average increased by 1.2 percent from the prior month.
