The AGEM Index saw a significant rise in May, up by 40.9 percent yearly. However, the 1,741.18 figure was a 0.1 percent fall month-to-month.
Over the course of May, five of the 12 AGEM Index companies reported stock price decreases, which resulted in five negative contributions to the index.
The largest negative contribution to the monthly index was Aristocrat Leisure Limited, whose 6.6 percent monthly drop in stock price caused a 41.03-point decrease for the index. Only a yearly basis, the stock price was up by 38.9 percent.
Meanwhile, Agilysys saw its stock price increase by 42.5 percent, resulting in a 35.11-point gain to the AGEM Index.
This was fueled by a record-setting fiscal year net revenue of $275.6 million, up 16.1 percent yearly.
During the month, all three US stock indices saw increases from April, despite concern and uncertainty over US tariffs and trade policies.
The NASDAQ rose by 7.9 percent over the month, while the Dow Jones Industrial Average increased by 3.7 percent and the S&P 500 rose by 5.5 percent from April.
