AGEM Index Increases 4.4 Percent in January

AGEM January 2024

The AGEM Index increased by 49.28 points to 1,168.10 in January 2024, a 4.4 percent increase from the prior month. Compared to one year ago, the index was up 215.67 points, or 22.6 percent. During the latest 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 contributor to the monthly index was Konami Corp. (TYO: 9766), whose 23.6 percent increase in stock price led to a 37.27-point gain for the index. Meanwhile, Aristocrat Leisure Limited (ASX: ALL) saw its stock price increase by 9.0 percent, leading to a 22.52-point gain for the index.

All three major U.S. stock indices increased in January 2024, which marked the third consecutive month of growth across the board. The S&P 500 rose by 1.7 percent over the month, while the Dow Jones Industrial Average grew by 1.2 percent. The NASDAQ increased by 1.0 percent from the prior month.

Note: In April 2023, Crane NXT, Co. separated from Crane Company. The listed stock price prior to that date is a pro forma calculated estimate.