US – AGEM Index off half a percent in MarchBy Phil - 11 April 2023
The AGEM Index decreased by 5.10 points in March 2023 to 945.81, a 0.5 per cent decrease from the prior month.
Compared to one year ago, the index was down 9.59 points, or one 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 Konami Corp., whose one per cent increase in stock price led to a 4.70-point gain to the index. Additionally, Aristocrat Leisure saw its stock price increase by 1.8 per cent, leading to a 3.94-point gain for the index. The largest negative contribution to the index was sourced to Crane Co. (NYSE: CR), whose 5.2 per cent decrease in stock price resulted in a 7.19-point loss for the AGEM Index.
All three major U.S. stock indices saw month-over-month increases in March 2023. The NASDAQ increased by 6.7 per cent from February, while the S&P 500 grew by 3.5 percent. Meanwhile, the Dow Jones Industrial Average increased by 1.9 per cent from the prior period.