The AGEM Index continued its upward trend in September 2021, rising 33.86 points to a new high of 1,046.74. Over the past year, the AGEM Index has nearly doubled from 525.44 points in September 2020. The monthly rise in the index was driven by gains from five companies, which overcame negative index contributions by the other seven companies in the AGEM Index.
The top contributor to the monthly index was International Game Technology PLC (NYSE: IGT), whose 22.5 percent increase in stock price led to a 23.20-point gain for the index. Scientific Games Corporation (Nasdaq: SGMS) was also a significant contributor to the overall growth in the index, adding 22.67 points as the result of a 14.8 percent rise in stock price. The largest negative contributor to the index was Konami Corporation (TYO: 9766), whose 7.1 percent drop in stock price led to a 12.14-point decrease in the AGEM Index.
All three major U.S. stock indices decreased over the month, with the NASDAQ and the S&P 500 experiencing declines of 5.7 percent and 5.0 percent, respectively. The Dow Jones Industrial Average experienced a 4.3 percent decline.
