The 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% |
