The AGEM Index enhanced by 121.27 factors to 979.70 points in Might 2021, a 14.1 per cent achieve from April 2021. In the final thirty day period, virtually all of AGEM Index companies documented improves in stock selling price, with 12 submitting beneficial contributions and a person recording a destructive contribution to the index.
The AGEM Index has trended positively for 7 consecutive months and has arrived at its best mark at any time recorded. On top of that, the AGEM Index was up 213.5 p.c from the March 2020 low place at the outset of the COVID-19 pandemic.
The AGEM Index’s May perhaps 2021 development was owing in huge section to a 10.4 per cent raise in the inventory value of Aristocrat Leisure Constrained (ASX: AL), which rose from $37.17 to $41.05. The stock was dependable for 36.92 factors of the AGEM Index’s month-to-month advancement. One more important index contributor was Worldwide Video game Engineering PLC (NYSE: IGT), which extra 34.46 points because of to a 40.9 % stock selling price expansion from $17.22 to $24.26.
The main stock indices experienced blended performances. The Dow Jones Industrial Normal and the S&P 500 grew by 1.9 per cent and .5 per cent, respectively. Meanwhile, the NASDAQ seasoned a 1.5 p.c decline.