LAS VEGAS, NV – The AGEM Index increased by 126.17 points to 1,644.36 in November 2024, an 8.3 percent increase from the prior month. Compared to one year ago, the index rose 51 percent, or 555.36 points. During the latest month, nine of the 12 AGEM Index companies reported stock price increases, which resulted in nine positive contributions and three negative contributions to the AGEM Index.
The largest positive contributor to the monthly index was Aristocrat Leisure Limited (ASX: ALL), whose 10.1 percent increase in stock price led to a 60.87-point gain to the index. Meanwhile, Agilysys (NASDAQ: AGYS) saw its stock price increase by 34.3 percent, leading to a 31.06-point gain for the index.
The AGEM Index’s monthly growth was among the highest recorded. Since the inception of the index in 2005, November’s 126.17-point gain ranked third highest for any month. The month continued what has been a year of high performance for the index. Through the first 11 months of the year, four months have ranked among the 10 largest monthly growth periods in index history, including the second-best monthly growth in May. The only month with a larger gain was November 2020, when the index increased by 136.41 points.
In November, all three major U.S. stock indices increased from the prior period. The Dow Jones Industrial Average rose by 6.7 percent over the month, while the NASDAQ rose by 5.1 percent. Meanwhile, the S&P 500 increased by 4.8 percent from the prior month.
