AGEM Index sees first monthly decline in 8 months in July
In July 2021, the AGEM Index reported its first decline in eight months after falling 7%, or 70.06 points to 925.32 points from June. However, from a year-over-year perspective, the index remained up 504.46 points (+119.9%).
Over the last month, only 3 of the 13 AGEM index companies reported increases in stock price.
The main contributor to the index was Crane Co, whose 5.3% increase in stock price led to a 6.29-point gain for the AGEM index.
Transact Technologies and Galaxy Gaming Inc also marked stock price increases of 21.3% and 23.3%, respectively. By the end of the period, Transact Technologies added 0.67 points to the overall index while Galaxy Gaming Inc. added 0.49.
Companies such as Scientific Games, IGT and Taiwan’s Astro Corp fell by more than 20%.
While the AGEM Index fell in contrast with June, July’s numbers still represented a 119% improvement over July 2020 in the midst of the COVID-19 pandemic.
Unlike the stocks that contribute to the AGEM Index, the major indices posted improved performances, with NASDAQ, the S&P 500 and the Dow Jones Industrial Average up 2.3%, 1.3% and 1.2%, respectively.
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