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US – AGEM Index up 1.3 per cent between December and January

By - 5 February 2021

The AGEM Index improved by 8.96 points in January 2021 to 696.08 points, a 1.3 per cent gain from December 2020. Overall, the majority of companies in AGEM Index reported declines in stock price over the month, with eight trending negatively and five moving positively.

The AGEM Index’s monthly growth was due in large part to an increase in the stock price of Konami. The company’s stock price increased by 13.4 per cent and contributed 18.22 points to the AGEM Index’s January gain. Additionally, the stock price for Ainsworth Game Technology increased 66.7 per cent, which led to an index contribution of 2.47 points.

Change for the major stock indices was mixed during the month. The Dow Jones Industrial Average and the S&P 500 declined by 2.0 per cent and 1.1 per cent, respectively, while the NASDAQ grew by 1.4 per cent.

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