The AGEM Index decreased in August 2019 by 21.60 points to 473.36 points, a 4.4 percent drop from July 2019.
The AGEM Index decline for August was driven largely by a 2.9 percent decrease in the stock price of Aristocrat Leisure Limited, which declined from AU$30.65 to AU$29.75. The stock was responsible for 9.62 points of the AGEM Index’s monthly decrease.
Crane Co experienced an 8.9 percent stock price drop from $83.70 to $76.24, which led to a contribution of negative 6.77 points. Overall, most AGEM Index companies reported decreases in stock price during the month, with four trending positively and nine moving negatively.
The major stock indices did not perform well as the Dow Jones Industrial Average and the S&P 500 experienced monthly declines of 1.7 percent and 1.8 percent, respectively. The NASDAQ also did not have a strong month, decreasing by 2.6 percent.