The AGEM Index continued its upward trajectory in February, improving by 55.72 points to 751.79 points, an 8% growth rate over January. During the latest period, all but one company in the Index reported increases in their stock prices month over month.
The Index’s monthly growth was driven by a significant 62% gain in the stock price of Agilysys, contributing 15.09 points to the Index. Another strong performer for the month was Scientific Games Corporation, whose stock price increased nearly 20% and added 14.94 points to the index’s monthly rise.
The rise in the Index was significantly higher than the advances in the major stock indices in February. The Dow Jones Industrial Average and the S&P 500 experienced monthly growth of 3.2% and 2.6 percent, respectively. The NASDAQ experienced a gain of 0.9 percent.
