US – AGEM Index increases month on month by 14.4 per centBy Phil - 3 November 2022
The AGEM Index increased by 106.87 points in October 2022 to 846.64, a 14.4 per cent improvement from the prior month.
Compared to one year ago, the index was down 231.28 points, or 21.5 per cent. The latest period marked the first month-over-month increase following a two consecutive month skid. During the latest month, nine of the 12 AGEM Index companies reported stock price increases, resulting in nine positive contributions to the AGEM Index and three negative contributions.
The largest positive contributor to the monthly index was Aristocrat Leisure Limited, whose 12.6 per cent increase in stock price led to a 35.62-point gain to the index. Light & Wonder contributed a 29.78-point increase to the index as the result of a 30.9 per cent increase in its stock price. The largest negative contribution to the index was sourced to Konami Corp., whose 2.3 per cent decrease in stock price resulted in a 5.20-point loss for the AGEM Index.
All three major US stock indices saw month-over-month increases in October 2022. The Dow Jones Industrial Average increased by 13.9 per cent from September, while the S&P 500 grew by 8.0 per cent. Meanwhile, the NASDAQ rose 3.9 per cent over the month.