In October 2021, the AGEM Index improved by 31.17 points to a new high of 1,077.92, marking a 3.0 percent increase from the prior month. In the latest period, a majority of AGEM Index companies reported increases in stock price, with seven posting positive contributions, three recording negative contributions and one seeing no change from prior period.
The largest impact to the index was attributed to Aristocrat Leisure Limited. While its stock reported a 0.6% decline, Aristocrat added 15.06 points to the index due to an upsurge in outstanding shares that were used for equity raising to fund a new acquisition, coupled with an improvement in exchange rate between the Australian dollar and the U.S. dollar. Other important contributors were IGT and Crane Co.
All three major U.S. stock indices augmented over the month, with the NASDAQ and the S&P 500 growing by 7.5% and 6.9%, respectively, and the Dow Jones Industrial Average experiencing a 5.9% rise.
The AGEM Index and overview is prepared by Applied Analysis (AA), a Nevada-based advisory services firm providing consultation services for public and private entities.