LAS VEGAS, NV – The AGEM Index increased by 106.87 points in October 2022 to 846.64, a 14.4 percent improvement from the prior month. The latest period marked the first month-over-month increase following a two consecutive month loss. During the latest month, nine of the 12 AGEM Index companies reported stock price increases, resulting in nine positive contributions to the AGEM Index and three negative contributions.
The largest positive contributor to the monthly index was Aristocrat Leisure Limited (ASX: ALL), whose 12.6 percent increase in stock price led to a 35.62-point gain to the index. Light & Wonder Inc. (NASDAQ: LNW) contributed a 29.78-point increase to the index as the result of a 30.9 percent increase in its stock price.
All three major U.S. stock indices saw month-over-month increases in October 2022. The Dow Jones Industrial Average increased by 13.9 percent from September, while the S&P 500 grew by 8.0 percent. Meanwhile, the NASDAQ rose 3.9 percent over the month.