June 30 Market Close: GovCon Index Completes Turnaround From Post-Brexit Selloff, 4 GCI Stocks Hit 52-Week Highs

Executive Mosaic’s GovCon Index added at least one full percentage point for the second session in three Thursday to complete a reversal of its losses stemmed from the two-day selloff in global financial markets after Britain’s Thursday vote to leave the European Union.

The GovCon Index closed up 2.066 percent to 79.540 at a mark 0.007 points above the GCI’s final pre-Brexit close as all 30 Index stocks ended the day in positive territory.

Thursday’s close puts the Index’s June activity at a gain of 1.973 percent and the GCI is up 10.406 percent year-to-date.

GCI stocks that hit new 52-week highs during intraday trade included Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC), Huntington Ingalls Industries (NYSE: HII) and Vectrus (NYSE: VEC).

Newport News, Virginia-based shipbuilder Huntington Ingalls received an upgrade on its stock Wednesday from Zacks Investment Research and shares in HII have risen 4.42 percent over two sessions.

All 10 S&P 500 sectors posted gains with consumer shares in the lead as investors also reacted to comments from the U.K. central bank’s governor Mark Carney that Britain could see another round of stimulus over the summer, Reuters reported.

Top GovCon Index Net Gainers

Top GovCon Index Percentage Gainers

*Also listed in the S&P 500 composite index

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