The AGEM Index fell by 79.54 points to 1,564.82 in December 2024, a 4.8 per cent decrease from the prior month.
Compared to one year ago, the index rose 39.9 per cent, or 446.00 points. During the latest month, seven of the 12 AGEM Index companies reported stock price decreases, which resulted in nine negative contributions and three positive contributions to the AGEM Index.
The largest negative contributor to the monthly index was Aristocrat Leisure. Although the company’s stock price rose 0.9 per cent, a change in the Australian to United States dollar exchange rate ultimately led to a 28.86-point loss to the index. Meanwhile, Light & Wonder saw its stock price decrease by 9.1 percent, leading to a 19.14-point loss for the index. The largest positive contribution to the index was sourced to Ainsworth Game Technology, whose 15.3 per cent increase in stock price resulted in a 0.49-point gain to the AGEM Index.
Over the course of 2024, the AGEM Index rose by 34 per cent. Since the index began in 2005, 2024 ranked as the fifth-fastest growing year and fell just short of 2021’s growth.
In December, two of the three major US stock indices decreased from the prior period. The Dow Jones Industrial Average fell by 5.3 per cent over the month, while the S&P 500 fell by 2.5 per cent. Meanwhile, the NASDAQ increased by 0.5 per cent from the prior month.
The AGEM Index fell by 79.54 points to 1,564.82 in December 2024, a 4.8 per cent decrease from the prior month. Compared to one year ago, the index rose 39.9 per cent, or 446.00 points. During the latest month, seven of the 12 AGEM Index companies reported stock price decreases, which resulted in nine negative…