Home / Financial Report / June 20 Market Close: GCI Soars 1%, Stocks With UK Presence Lift as Markets View Britain’s EU Exit as Unlikely

June 20 Market Close: GCI Soars 1%, Stocks With UK Presence Lift as Markets View Britain’s EU Exit as Unlikely

GovConIndexUPThe GovCon Index started the week of Britain’s vote on whether to stay in the European Union on the front foot with a Monday gain of 1.192 percent to 79.289 as global investors took positions that the U.K. public will vote against the “Brexit.”

BAE Systems PLC‘s over-the-counter listing in the U.S. closed as the GCI’s top percentage gainer and closed at a one-month high as the British defense contractor’s shares on the London exchange also hit the 30-day benchmark.

Maximus (NYSE: MMS) received a boost from Brexit-driven trade as the Reston, Virginia-based government services company is the prime contractor on a five-year program to help the U.K. run a disability benefit application program.

CACI International (NYSE: CACI) ended Monday as the GCI’s top net gainer and runs a U.K. subsidiary named CACI Ltd. that offers government and commercial customers there marketing as well as social and network services.

Prime defense contractors Boeing (NYSE: BA) and General Dynamics (NYSE: GD) also rose on investors’ bets that Britain will remain in the EU.

Top GovCon Index Net Gainers

Symbol Company $ Current Price Net Change ▴ % Change
CACI CACI International 100.61 +2.98 +3.05%
BA Boeing* 132.75 +2.93 +2.26%
MMS Maximus 57.12 +2.43 +4.44%
MCK McKesson Corp.* 179.87 +2.09 +1.18%
GD General Dynamics* 140.92 +1.93 +1.39%

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change ▴
BAESY BAE Systems 28.89 +1.31 +4.75%
MMS Maximus 57.12 +2.43 +4.44%
NAV Navistar International 12.53 +0.38 +3.13%
CACI CACI International 100.61 +2.98 +3.05%
MANT ManTech International 36.34 +1.07 +3.03%

*Also listed in the S&P 500 composite index

Market Summary

Advancing GovCon Index Issues 29
Declining GovCon Index Issues 1
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 79.289 +0.934 +1.192%
S&P 500 2, 083.25 +12.03 +0.58%
Dow Jones Industrial Average 17, 804.87 +129.71 +0.73%
NASDAQ 4, 837.21 +36.88 +0.77%

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