AGEM Index sees a slight month-to-month rise in March
he AGEM Index elevated by 12.33 factors to 764.13 factors in March 2021, a 1.6 % achieve from February 2021. Over the month, nearly all of AGEM Index firms reported decreases in inventory worth, with 5 trending positively and eight shifting negatively.
The AGEM Index’s March 2021 development was pushed by a 13.1 % enhance within the inventory worth of Aristocrat Leisure Restricted, which rose from $30.36 to $34.35. The inventory was accountable for 35.77 factors of the AGEM Index’s month-to-month development. The opposite vital index contributor was Crane Co., which added 12.21 factors because of a 12.0 % inventory worth achieve from $83.86 to $93.91.
In March, solely 5 of the 13 firms on the Index registered inventory worth will increase, with eight recording falls. The three different firms to indicate will increase have been Transact Applied sciences, Galaxy Gaming Inc and Impressed Leisure Inc.
The key inventory indices additionally carried out strongly over the month because the Dow Jones Industrial Common and the S&P 500 skilled month-to-month features of 6.6 % and 4.2 %, respectively, whereas the NASDAQ grew by 0.4 %.