June 22 Market Close: GCI, US Stocks End in Narrow Range on Last Pre-Brexit Vote Trading Day

GovConIndexUPThe GovCon Index hit choppy trade in the afternoon after a strong open Wednesday and recorded a nominal gain of 0.004 points to 79.194 to mark its second straight day with a close in narrow negative range in the final full trading session for U.S. investors before Thursday’s Brexit vote.

British citizens will head to the polls for a referendum on whether their country should remain in the European Union as polls and bookmakers’ odds in the U.K. show no consensus on whether the public will vote in favor of a departure from the EU.

Much like Tuesday, the GovCon Index’s top five gainers were dominated by companies that do a majority of their public sector work with the U.S. federal government and British defense contractor BAE Systems PLC, which trades over-the-counter in the U.S.

Pharmaceutical services provider McKesson Corp. (NYSE: MCK) rose the day after Reuters reported the company has held talks over a potential separation of its information technology unit into Nashville, Tennessee-based technology maker Change Healthcare.

Top GovCon Index Net Gainers

Symbol Company $ Current Price Net Change ▴ % Change
MCK McKesson Corp.* 181.53 +2.26 +1.26%
HII Huntington Ingalls Industries 162.00 +0.70 +0.43%
CSRA CSRA* 24.37 +0.67 +2.83%
BAESY BAE Systems 29.49 +0.36 +1.24%
EGL Engility Holdings 22.56 +0.34 +1.53%

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change ▴
CSRA CSRA* 24.37 +0.67 +2.83%
EGL Engility Holdings 22.56 +0.34 +1.53%
MCK McKesson Corp.* 181.53 +2.26 +1.26%
BAESY BAE Systems 29.49 +0.36 +1.24%
VEC Vectrus 26.56 +0.16 +0.61%

*Also listed in the S&P 500 composite index

Market Summary

Advancing GovCon Index Issues 16
Declining GovCon Index Issues 14
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 79.194 +0.004 +0.005%
S&P 500 2, 085.45 -3.45 -0.17%
Dow Jones Industrial Average 17, 780.83 -48.90 -0.27%
NASDAQ 4, 833.32 -10.44 -0.22%

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