The AGEM Index increased by 93.79 points in June 2023 to 1,050.77, a 9.8% increase from the prior month. Compared to a year ago, the Index was up 239.38 points or 29.5%.
In June, 10 of the 12 AGEM Index companies reported stock-price increases, which resulted in nine positive and three negative contributions to the Index.
The largest positive contribution to the monthly index was from International Game Technology, whose 30% increase in stock price led to a 41.88-point gain for the Index. Aristocrat Leisure Limited’s stock price increased by 4.2%, leading to a 25.30-point gain.
The largest negative contribution to the Index was sourced to Agilysys, whose 7.7% decrease in stock price resulted in a 2.92-point loss.
The three major U.S. stock indices all experienced growth in June 2023. The NASDAQ increased by 6.6% over the month, while the S&P 500 grew by 6.5% and the Dow Jones Industrial Average increased by 4.5% 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.
