The AGEM Index improved by 60.18 points in December to 691.90 points, a 9.5 percent gain from November 2020. Overall, the majority of AGEM Index companies reported gains in stock price over the month, with nine trending positively and four moving negatively.
The AGEM Index’s growth was due in large part to an increase in the stock price of International Game Technology PLC (IGT). The company’s stock grew 34.6 percent and contributed 20.13 points to the AGEM Index’s December gain. Additionally, the stock price for Crane Co. (CR) increased 11.7 percent, which led to an index contribution of 8.86 points.
The major stock indices also performed well as the NASDAQ and the S&P 500 climbed by 3.5 percent and 1.2 percent, respectively, while the Dow Jones Industrial Average grew by 0.5 percent.