Supplier News
US – AGEM Index falls by 7.4 per cent in December
By Phil - 6 January 2023
The AGEM Index decreased by 66.85 points in December 2022 to 839.10, a 7.4 per cent decline from the prior month.
Compared to one year ago, the index was down 132.49 points, or 13.6 per cent. During the latest month, 10 of the 12 AGEM Index companies reported stock price decreases, resulting in 10 negative contributions to the AGEM Index and two positive contributions.
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The largest positive contribution to the monthly index was sourced to Agilysys (Nasdaq: AGYS), whose 19.2 percent increase in stock price led to an 8.69-point gain to the index. The largest negative contribution to the index was sourced to Aristocrat Leisure Limited, whose 12.9 per cent decrease in stock price resulted in a 39.68-point loss for the AGEM Index. Additionally, Light & Wonder observed a 9.5 per cent decrease in stock price that led to an 11.95-point decrease to the index.
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All three major US stock indices saw month-over-month decreases to close the year. The NASDAQ decreased by 8.7 per cent from November, while the S&P 500 fell by 5.9 per cent. Meanwhile, the Dow Jones Industrial Average declined 4.2 per cent over the month.
