Supplier News
US – Agilysys the lone positive contributor to the AGEM Index
By Phil - 5 October 2022
The AGEM Index fell by 91.73 points in September 2022 to 739.77, an 11 per cent decline from the prior month. Compared to one year ago, the index was down 306.97 points, or 29.3 per cent.
During the latest month, 11 of the 12 AGEM Index companies reported stock price decreases, resulting in 11 negative contributions to the AGEM Index and one positive contribution.
The largest negative contributor to the monthly index was Aristocrat Leisure Limited, whose 7.8 per cent decrease in stock price led to a 44.19-point loss to the index. Additionally, Konami Corp. contributed a 13.67-point decline in the index due to a 5.7 per cent decrease in its stock price. The lone positive contribution to the index was Agilysys , whose 6.9 per cent increase in stock price resulted in a 2.22-point gain for the AGEM Index.
All three major US stock indices saw month-over-month decreases in September 2022, marking the second consecutive month of across-the-board declines. The Dow Jones Industrial Average fell by 8.8 percent from August, while the S&P 500 declined by 9.3 percent. Meanwhile, the NASDAQ fell 10.5 percent over the latest period.
