The AGEM Index increased in June 2019 by 22.34 points to 505.34 points, a 4.6 percent gain from results recorded for May 2019.
The AGEM Index’s May 2019 growth was driven by a 5.5 percent increase in the stock price of Aristocrat Leisure Limited which rose from $20.42 (AU29.12) to $21.54 (AU30.72). The stock was responsible for 13.96 points of the AGEM Index’s monthly growth.
Crane Co experienced a 9.1 percent stock price gain from $76.46 to $83.44, which led to a contribution of 6.86 points. Overall, most AGEM Index companies reported increases in stock price during the month, with eight trending positively and five moving negatively.
The major stock indices also performed strongly as the Dow Jones Industrial Average and the S&P 500 experienced monthly gains of 7.2 percent and 6.9 percent, respectively, while the NASDAQ grew by 7.4 percent.
Whilst the month on month increase reflects positive progress being made this calendar year, the June result is 7.5 percent down on 2018.
The Index however is making steady progress from a tail off experienced in H2 2018 and is still some 300 points up on 2016 despite recent fluctuations.