The AGEM Index rose by 51.54 points in July 2022 to 862.93, rebounding 6.4 per cent from the previous month.
Compared to one year ago, the index was down 62.39 points, or 6.7 per cent. During the latest month, 10 of the 12 AGEM Index companies reported stock price increases, which resulted in 10 positive contributions to the AGEM Index and two negative contributions.
The largest positive contributor to the monthly index was Crane Co, which reported a 13.76-point gain to the index as a result of a 13 per cent increase in its stock price. Aristocrat Leisure Limited contributed an 11.60-point gain to the index due to a 2.7 per cent increase in its stock price. The largest negative contribution to the index was sourced to PlayAGS, whose 8.1 per cent decline in stock price equated to a 0.27-point loss for the AGEM Index.
All three major US stock indices saw month-over-month increases in July 2022 after slipping across the board in the prior period. The NASDAQ rose by 12.3 percent from June, while the S&P 500 rose by 9.1 percent. Meanwhile, the Dow Jones Industrial Average grew 6.7 percent over the month.