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.
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
|Symbol||Company||$ Current Price||Net Change ▴||% Change|
|HII||Huntington Ingalls Industries||168.03||3.58||2.18%|
Top GovCon Index Percentage Gainers
|Symbol||Company||$ Current Price||Net Change||% Change ▴|
|BAESY||BAE Systems PLC||28.31||1.13||4.16%|
*Also listed in the S&P 500 composite index
|Advancing GovCon Index Issues||30|
|Declining GovCon Index Issues||0|
|Unchanged GovCon Index Issues||0|
|Index||Value||Net Change||% Change|
|S&P 500||2, 098.66||+28.09||+1.36%|
|Dow Jones Industrial Average||17, 929.99||+235.31||+1.33%|