US – AGEM Index essentially flat in FebruaryBy Phil - 8 March 2023
The AGEM Index decreased by 1.51 points in February 2023 to 950.91, a 0.2 per cent decrease from the prior month.
Compared to one year ago, the index was down 2.04 points, or 0.2 per cent. During the latest month, six of the 12 AGEM Index companies reported stock price increases, which resulted in five positive contributions to the AGEM Index and seven negative contributions.
The largest positive contribution to the monthly index was sourced to Aristocrat Leisure, whose 7.6 per cent increase in stock price led to a 9.27-point gain to the index. Additionally, Crane Co. (NYSE: CR) saw its stock price increase by 3.3 per cent, leading to a 4.76-point gain to the index. The largest negative contribution to the index was sourced to Konami Corp., whose 5.7 per cent decrease in stock price resulted in a 12.48-point loss for the AGEM Index.
All three major US stock indices saw month-over-month decreases in February 2023. The Dow Jones Industrial Average decreased by 4.2 per cent from the prior month, while the S&P 500 fell by 2.5 per cent. Meanwhile, the NASDAQ dipped by 0.9 per cent from January.