The AGEM Index elevated by 121.27 factors to 979.70 factors in Could 2021, a 14.1 p.c achieve from April 2021. Within the final month, practically all of AGEM Index firms reported will increase in inventory worth, with 12 posting optimistic contributions and one recording a unfavourable contribution to the index.
The AGEM Index has trended positively for seven consecutive months and has reached its highest mark ever recorded. Moreover, the AGEM Index was up 213.5 p.c from the March 2020 low level on the outset of the COVID-19 pandemic.
The AGEM Index’s Could 2021 development was due largely to a 10.four p.c improve within the inventory worth of Aristocrat Leisure Restricted (ASX: AL), which rose from $37.17 to $41.05. The inventory was chargeable for 36.92 factors of the AGEM Index’s month-to-month development. One other vital index contributor was Worldwide Recreation Expertise PLC (NYSE: IGT), which added 34.46 factors as a result of a 40.9 p.c inventory worth development from $17.22 to $24.26.
The most important inventory indices had combined performances. The Dow Jones Industrial Common and the S&P 500 grew by 1.9 p.c and 0.5 p.c, respectively. In the meantime, the NASDAQ skilled a 1.5 p.c decline.