The AGEM Index was strong in November, rising by 8.3 percent from the prior month. Compared to one year ago, the index was up by 51 percent.
During the month, nine of the 12 AGEM Index companies reported stock price increases, which resulted in nine positive contributions and three negative contributions to the AGEM Index.
The largest positive contribution to the monthly index was Aristocrat Leisure, whose 10.1 percent increase in stock price led to a 60.87-point gain for the index.
Meanwhile, Agilysys saw its stock price increase by 34.3 percent, leading to a 31.06-point gain for the index.
The largest negative contribution to the index was sourced to International Gaming Technology (IGT), whose 5.4 percent decrease in stock price resulted in a 5.03-point loss to the AGEM Index.
The figure’s monthly growth in the index is amongst the highest recorded, ranking third since the AGEM Index’s debut in 2005.
All three major US stock indices increased in November. The NASDAQ rose by 5.1 percent over the month, while the S&P 500 grew by 4.8 percent. Meanwhile, the Dow Jones Industrial Average increased by 6.7 percent from the prior month.
