In April, the index increased by 63.52 points to 376.04 total, which is 20.3% higher than they were in March. The points are still falling behind last year’s count, however, since April of 2019 had a 21.1% higher impact on the market.
One of the greatest index contributors is Aristocrat Leisure Limited, with a contribution of 40.13 and a month-on-month growth of 19.4%. But compared to last year, the company fell by 2.3%.
Everi Holdings is another company with month-on-month growth is up by 50%, but the year-on-year numbers plummeted by 51.9% as well.
For the majority of companies in the index, stock prices are rising compared to March, but the companies are still losing out with year-on-year numbers.
AGEM also indicated that the US market is also rebounding from the COVID-19 effect. Three major stock market indices reported similar month-on-month growth for its companies: S&P 500 with 12.7%, Dow Jones Industrial Average with 11.1%, and NASDAQ with 15.4%. But the year-on-year numbers remain down.
The rising numbers could be seen as the industry’s way of recovering, but currently, many of the indexed companies cannot reach the level they were at a year ago.
