The AGEM Index decreased by 44.35 points to 1,011.35 in October 2023, a 4.2 percent decline from the prior month. It was the second month in a row of declines, after three months of increases. Compared to one year ago, however, the Index was up 164.71 points, or 19.5 percent.
During the latest month, eight of the 12 Index companies reported stock-price decreases, which resulted in eight negative contributions and four positive contributions .
The largest negative contribution to the monthly index was sourced to Aristocrat Leisure Limited, whose 5.7 percent decrease in stock price led to a 28.68-point loss for the index. Meanwhile, International Game Technology’s stock price fell by 16.2 percent, leading to a 20.94-point loss for the Index.
The largest positive contribution was from Agilysys, whose 29.7 percent increase in stock price resulted in a 16.44-point gain to the Index. Agilysys’s stock price increase was fueled by fiscal-year 2024 second-quarter financial results that included a 22.8 percent year-over-year increase in net revenue.
By comparison, all three major U.S. stock indices declined in October 2023. The NASDAQ dropped by 2.8 percent over the month, the S&P 500 by 2.2 percent, and the Dow Jones Industrial Average by 1.4 percent from the prior month.
Note: In April 2023, Crane NXT, Co. separated from Crane Company. The listed stock price prior to that date is a pro forma calculated estimate.
