AGEM Index Increases 1.2 Percent in December

In December 2021, the AGEM Index improved by 11.39 points to 971.59, marking a 1.2 percent increase from the prior month. Compared to one year ago, the index increased by 284.47 points for an annual growth rate of 41.4 percent. In the latest period, seven of the AGEM Index companies reported stock price increases. This ultimately led to eight companies posting positive contributions and four companies recording negative contributions to the overall index.
 
The top contributor to the monthly index was International Game Technology PLC (NYSE: IGT), whose 7.0 percent increase in stock price led to a 7.98-point gain for the index. Scientific Games Corporation (NASDAQ: SGMS) was also a significant contributor to the overall growth in the index, adding 5.65 points as a result of its 4.6 percent rise in stock price.
 
All three major U.S. stock indices increased over the month, with the Dow Jones Industrial Average and the S&P 500 experiencing increases of 5.4 percent and 4.4 percent, respectively. Meanwhile, the NASDAQ experienced a 0.8 percent increase.