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

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

GovConIndexUPExecutive 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

Symbol Company $ Current Price Net Change ▴ % Change
NOC Northrop Grumman* 222.28 5.04  2.32%
LMT Lockheed Martin* 248.17 4.09 1.68%
GD General Dynamics* 139.24 3.61 2.66%
HII Huntington Ingalls Industries 168.03 3.58 2.18%
LLL L-3 Communications* 146.69 3.37 2.35%

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change ▴
MMS Maximus 55.37 2.55 4.83%
TXT Textron* 36.56 1.53 4.37%
BAESY BAE Systems PLC 28.31 1.13 4.16%
MANT ManTech International 37.82 1.49 4.10%
SAIC SAIC 58.35 2.05 3.64%

*Also listed in the S&P 500 composite index

Market Summary

Advancing GovCon Index Issues 30
Declining GovCon Index Issues 0
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 79.540 +1.610 +2.066%
S&P 500 2, 098.66 +28.09 +1.36%
Dow Jones Industrial Average 17, 929.99 +235.31 +1.33%
NASDAQ 4, 842.67 +63.43 +1.33%

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