The AGEM Index's May 2019 growth was driven by a 5.5 percent increase in the stock price of Aristocrat Leisure Limited (ASX: ALL), which rose from AU$29.12 to AU$30.72. The stock was responsible for 13.96 points of the AGEM Index's monthly growth. Crane Co. (CR) experienced a 9.1 percent stock price gain from $76.46 to $83.44, which led to a contribution of 6.86 points.
Overall, most AGEM Index companies reported increases in stock price during the month, with eight trending positively and five moving negatively. The major stock indices also performed strongly as the Dow Jones Industrial Average and the S&P 500 experienced monthly gains of 7.2 percent and 6.9 percent, respectively, while the NASDAQ grew by 7.4 percent.
