Home Improvement stocks take a drubbing on Brexit news

As soon as the stock market opened this morning, home improvement company stocks took a beating as the implications of Brexit began to sink in. The historic referendum resulted in 52% voting for the UK to leave the EU, whilst 48% voted to stay. The results sparked a dramatic overnight fall in the value of the pound, dropping as low as $1.32 against the US dollar – the lowest since the 1980s.

PwC’s retail and consumer lead Madeleine Thomson said as the UK enters a transition period, the impact of Brexit on retailers “remains to be seen”. “Whilst we may see a short-term impact in consumer confidence, most businesses will have a contingency plan in place and there is no reason why long-term success should be impacted by the referendum outcome,” she said. At one point Travis Perkins had dropped by as much as 30%, before recovering to the position below. Note - This is a list of each of the companies stock movements up to midday today.

Source: Insight DIY Team

Kingfisher (KGF)  

Price (GBX)	335.90	Var % (+/-)	-8.27% ( -30.30)
High	341.40	Low	310.00
Volume	8,570,036	Last close	366.20 on 23-Jun-2016
Bid	335.80	Offer	336.10
Trading status	Regular Trading	Special conditions	NONE

 Grafton Group (GFTU)

Price (GBX)	573.00	Var % (+/-)	-19.52% ( -139.00)
High	660.00	Low	554.50
Volume	1,075,284	Last close	712.00 on 23-Jun-2016
Bid	572.50	Offer	578.50
Trading status	Regular Trading	Special conditions	NONE

Travis Perkins (TPK)

Price (GBX)	1,653.00	Var % (+/-)	-13.77% ( -264.00)
High	1,728.00	Low	1,090.00
Volume	1,007,817	Last close	1,917.00 on 23-Jun-2016
Bid	1,652.00	Offer	1,654.00
Trading status	Regular Trading	Special conditions	NONE

Topps Tiles (TPT)

Price (GBX)	133.50	Var % (+/-)	-10.40% ( -15.50)
High	144.36	Low	128.75
Volume	231,533	Last close	149.00 on 23-Jun-2016
Bid	131.50	Offer	133.50
Trading status	Regular Trading	Special conditions	XD

Wolseley (WOS)

Price (GBX)	3,672.00	Var % (+/-)	-4.55% ( -175.00)
High	3,725.00	Low	3,501.00
Volume	609,562	Last close	3,847.00 on 23-Jun-2016
Bid	3,671.00	Offer	3,674.00
Trading status	Regular Trading	Special conditions	NONE