AGEM Index Remains Steady in March

AGEM March 2023

LAS VEGAS, NV – The AGEM Index decreased by 5.10 points in March 2023 to 945.81, a 0.5 percent decrease from the prior month. Compared to one year ago, the index was down 9.59 points, or 1.0 percent. During the latest month, six of the 12 AGEM Index companies reported stock price increases, which resulted in five positive contributions to the AGEM Index and seven negative contributions.

The largest positive contribution to the monthly index was sourced to Konami Corp. (TYO: 9766), whose 1.0 percent increase in stock price led to a 4.70-point gain to the index. Additionally, Aristocrat Leisure Limited (ASX: ALL) saw its stock price increase by 1.8 percent, leading to a 3.94-point gain for the index.

All three major U.S. stock indices saw month-over-month increases in March 2023. The NASDAQ increased by 6.7 percent from February, while the S&P 500 grew by 3.5 percent. Meanwhile, the Dow Jones Industrial Average increased by 1.9 percent from the prior period.