The AGEM Index increased in June 2019 by 22.34 points to 505.34 points, a 4.6 per cent gain from May 2019.
The AGEM Index’s May 2019 growth was driven by a 5.5 per cent increase in the stock price of Aristocrat Leisure Limited (ASX: ALL), which rose from AU$29.12 to AU$30.72. The stock was responsible for 13.96 points of the AGEM Index’s monthly growth. Crane Co. (CR) experienced a 9.1 per cent stock price gain from $76.46 to $83.44, which led to a contribution of 6.86 points.
Overall, most AGEM Index companies reported increases in stock price during the month, with eight trending positively and five moving negatively. The major stock indices also performed strongly as the Dow Jones Industrial Average and the S&P 500 experienced monthly gains of 7.2 per cent and 6.9 per cent, respectively, while the NASDAQ grew by 7.4 per cent.