The AGEM Index decreased by 42.18 points to 1,218.92 in March 2024, a 3.3 percent decrease from the prior month.
Compared to one year ago, the index was up 273.11 points, or 28.9 percent. During the latest month, five of the 12 AGEM Index companies reported stock price increases, which resulted in five positive contributions and seven negative contributions to the AGEM Index.
The largest negative contributor to the monthly index was Aristocrat Leisure Limited, whose 8.0 percent decrease in stock price led to a 34.83-point loss to the index. Meanwhile, International Game Technology PLC (IGT) saw its stock price decrease by 16.9 percent, leading to a 19.91-point loss for the index.
The largest positive contributor to the index was Crane NXT, Co., whose 6.0 percent increase in stock price resulted in a 5.48-point gain to the AGEM Index.
All three major U.S. stock indices increased in March 2024, which marked the fifth consecutive month of growth across the board. The S&P 500 rose by 3.1 percent over the month, while the Dow Jones Industrial Average grew by 2.1 percent. Additionally, the NASDAQ increased by 1.8 percent from the prior month.
