AGEM Index sees 10.9% monthly decline in Nov., still three times above pandemic onset

In November 2021, the AGEM Index fell by 117.72 points to 960.19, marking a 10.9% decline from the prior month. Compared to November 2020, according to the trade association, the index reported “significant growth” gaining 328.47 points for an annual growth rate of 52%.

The largest decline was attributed to Aristocrat Leisure Limited. Due to a 5.5% decline in overall stock price, Aristocrat had a negative 48.00-point contribution to the AGEM Index. Scientific Games Corporation saw a 20.1% decline in stock price, which resulted in a 27.11-point decline for the overall index. Konami Corporation reported a 10.1% decline in stock price, substracting 13.91 points from the index. 

In the latest period, all AGEM Index companies reported decreases in stock price over the period. The recent decline in the overall index, as analyzed by AGEM "can be attributed to a number of factors, including rising concerns of the Omicron variant, which triggered stock sell-offs, poor quarterly earnings performances, instability in the U.S. dollar exchange rates and inflation". 

However, the index remained among its highest levels in tracked history and has tripled in value since the onset of the pandemic in March 2020. 

Two of the three major U.S. stock indices saw decreases over the month, with Dow Jones Industrial Average and the S&P 500 declining by 3.8% and 0.8%, respectively. The NASDAQ experienced a 0.1% increase.