The 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% |
