In May, the AGEM Index rose by 20.68 points to 883.10, marking a 2.4 percent increase after April’s decline of nearly 10 percent. Year over year, the index was down 96.59 points, or 9.9 percent.
During the latest reporting period, six of the Index companies reported stock price increases, while the other six posted declines. Though half the companies posted positive contributions and the other half posted negative contributions, net contributions resulted in a month-over-month gain.
The largest positive contributor to the Index was Konami Corp., which reported an 18.99-point gain to the index as a result of an 9.5 percent increase in overall stock price. Meanwhile, Aristocrat Leisure Limited contributed a
6.23-point gain with a 0.4 percent increase in the company’s stock price coupled with a strengthened exchange rate between the United States dollar and the Australian dollar.
The largest negative contribution to the index was sourced to Light & Wonder Inc., whose 5.8 percent decline in stock price equated to a 5.78-point loss in the overall index.
In May, two of the three major U.S. stock indices recorded positive, though negligible, growth. The Dow Jones Industrial Average increased by 0.04 percent from April, while the S&P 500 rose by 0.01 percent and the NASDAQ declined by 2.1 percent.
