The AGEM Index increased by 126.17 points to 1,644.36 in November 2024, an 8.3 percent increase from the prior month. Compared to one year ago, the Index rose 51.0 percent, or 555.36 points. During the latest month, nine of the 12 AGEM Index companies reported stock price increases, which resulted in nine positive contributions and three negative contributions to the Index.
The largest positive contributor to the monthly index was Aristocrat Leisure Limited, whose 10.1 percent increase in stock price led to a 60.87-point gain to the Index. Agilysys saw its stock price increase by 34.3 percent, leading to a 31.06-point gain. The largest negative contribution was sourced to International Game Technology PLC, whose 5.4 percent decrease in stock price resulted in a 5.03-point loss.
The AGEM Index’s monthly growth was among the highest recorded. Since the inception of the Index in 2005, November’s 126.17-point gain ranked third highest for any month. The month continued what has been a high-performance year. Through the first 11 months of the year, four months have ranked among the 10 largest monthly growth periods in Index history, including the second-best monthly growth in May. The only month with a larger gain was November 2020, when the Index increased by 136.41 points.
In November, all three major U.S. stock indices increased from the prior period. The Dow Jones Industrial Average rose by 6.7 percent, the NASDAQ rose by 5.1 percent, and the S&P 500 increased by 4.8 percent from the prior month.
