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AGEM releases June 2020 Index

June 2020:  The AGEM Index increased by 4.53 points in June 2020 to 407.41 points, a 1.1 percent gain from May 2020. Six of the 13 AGEM Index companies reported stock price increases amid ongoing uncertainty about the global economy and the effects of the COVID-19 pandemic. The stock price for Aristocrat Leisure Limited (ALL) decreased 0.9 percent due to the Australian dollar strengthening against the U.S. dollar. In turn, this accounted for a 5.06-point rise in the AGEM Index. Crane Co. (CR) experienced a 6.7 percent stock price jump, leading to an index contribution of 3.93 points.

All three major U.S. stock indices increased as the Dow Jones Industrial Average grew by 1.8 percent and the S&P 500 grew by 1.7 percent. Additionally, the NASDAQ grew by 6.0 percent on the month.