The AGEM Index decreased by 51.38 points to 1,055.70 in September 2023, a 4.6 percent decline from the prior month. Compared to one year ago, the Index was up 315.92 points, 42.7 percent. During the latest month, 11 of the 12 AGEM Index companies reported stock-price declines, which resulted in 11 negative contributions and one positive contribution to the AGEM Index.
The largest negative contribution was sourced from Konami Corp., whose 6.7 percent decrease in stock price led to a 16.50-point loss for the Index. Light & Wonder Inc.’s stock price fell by 7.0 percent, leading to a 11.50-point loss.
The lone positive contribution to the Index was sourced to Ainsworth Game Technology; its 5.2 percent increase in stock price resulted in an 0.24-point gain to the Index.
All three major U.S. stock indices declined in September 2023. The NASDAQ dropped by 5.8 percent over the month, the S&P 500 by 4.9 percent, and the Dow Jones Industrial Average by 3.5 percent month over 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.
