The AGEM Index increased by 106.87 points in October; the 846.64 was a 14.4 percent improvement over September. Year over year, the index was down 231.28 points, or 21.5 percent. The latest period marked the first month-over-month increase following a skid of two consecutive months.
In October, nine of the 12 AGEM Index companies reported stock-price increases, resulting in nine positive and three negative contributions to the Index.
The largest positive contributor was Aristocrat Leisure Limited, whose 12.6 percent increase in stock price led to a 35.62-point gain in the Index. Light & Wonder Inc. contributed 29.78 points, the result of a 30.9 percent increase in its stock price.
The largest negative reduction to the Index was by Konami Corp., whose 2.3 percent decrease in stock price resulted in a 5.20-point loss.
By comparison, all three major U.S. stock indices saw month-over-month increases in October 2022. The Dow Jones Industrial Average increased by 13.9 percent, while the S&P 500 grew by 8.0 percent and the NASDAQ rose 3.9 percent over September.
