AGEM Index Up 13.5 Percent in January

LAS VEGAS, NV – The AGEM Index increased by 113.32 points in January 2023 to 952.42, a 13.5 percent jump from the prior month. Compared to one year ago, the index was up 26.55 points, or 2.9 percent. During the latest month, 11 of the 12 AGEM Index companies reported stock price increases, which resulted in 11 positive contributions to the AGEM Index and one negative contribution.
The largest positive contribution to the monthly index was sourced to Aristocrat Leisure Limited (ASX: ALL), whose 11.3 percent increase in stock price led to a 44.55-point gain to the index. Meanwhile, Crane Co. (NYSE: CR) observed a 15.4 percent increase in stock price that translated to an 18.70-point gain to the index.
All three major U.S. stock indices saw month-over-month increases in January 2023. The NASDAQ increased by 10.7 percent from the prior month, while the S&P 500 grew by 6.2 percent. Meanwhile, the Dow Jones Industrial Average rose 2.8 percent from December.