The AGEM Index decreased by 109.86 points to 1,109.06 in April 2024, a 9 percent decrease from the prior month. Compared to one year ago, the Index was up 137.54 points or 14.2 percent.
During the latest month, only two of the 12 AGEM Index companies reported stock price increases, which resulted in two positive contributions and 10 negative contributions.
The largest negative contributor to the monthly index was Aristocrat Leisure Limited, whose 7.2 percent decrease in stock price led to a 37.06-point loss to the Index. Light & Wonder’s stock price decreased 12.6 percent, leading to a 27.73-point loss.
The largest positive contributor was Transact Technologies; its 2.1 percent increase in stock price resulted in a 0.03-point gain to the Index.
After five consecutive months of growth across the board, all three major U.S. stock indices decreased in April. The Dow Jones Industrial Average fell by 5 percent, the NASDAQ by 4.4 percent, and the S&P 500 by 4.2 percent from March 2024.
