The AGEM Index decreased by 44.38 points to 1,011.35 in October 2023, a 4.2 percent decline from the prior month. Compared to one year ago, the index was up 364.71 points, or 19.5 percent.
During the latest month, eight of the 12 AGEM Index companies reported stock price decreases, which resulted in eight negative contributions and four positive contribution to the AGEM Index.
The largest negative contribution to the monthly index was sourced to Aristocrat, whose 5.7 percent decrease in stock price led to a 28.68-point loss for the index.
Meanwhile, International Gaming Technology (IGT) saw its stock price fall by 16.2 percent, leading to a 20.94-point loss for the index.
The largest positive contribution to the index was the hospitality software developer Agilysys, whose stock rose by 28.7 percent yearly and 33.7 percent monthly, adding 16.44 points to the index.
All three major U.S. stock indices declined in October 2023. The NASDAQ declined by 2.8 percent over the month, while the S&P 500 fell by 2.2 percent. Meanwhile, the Dow Jones Industrial Average decreased by 1.4 percent from the prior month.
