The AGEM Index increased in January 2019 by 61.07 points to 463.58 points, a 15.2 percent gain from December 2018.
The AGEM Index’s January 2019 growth was due in large part to a 12.77 percent increase in the stock price of Aristocrat Leisure Limited (ASX: ALL), which grew from AU$21.84 to AU$24.63. This stock was responsible for 24.57 points of the AGEM Index’s January growth. Scientific Games Corporation (SGMS) experienced a 40.16 percent gain from $17.88 to $25.06, which in turn led to a contribution of 12.12 points. Overall, most AGEM Index companies reported strong results in stock price performance during the month, with 12 trending positively and two moving negatively.
The monthly performance of the AGEM Index was reflected in the major stock indices, as the Dow Jones Industrial Average and the S&P 500 experienced increases of 7.2 percent and 7.9 percent, respectively, while the NASDAQ grew by 9.7 percent.