BAE Systems Stock Bounces Back, But the Defence Trade Has a New Test
BAE Systems shares rose in late London trading on Monday, recovering part of last week’s sell-off as investors weighed fresh U.S. space hardware news against a cooler mood in European defence stocks. The stock was up 34 pence, or 1.84%, at 1,884.50 pence as of 14:54 BST, with 1.30 million shares traded, delayed LSEG data carried by Investors’ Chronicle showed. The move matters because it repairs only a slice of Friday’s damage, not a clean turn. BAE closed at 1,850.50p on Friday, down from 1,923.00p on Thursday, a 3.77% fall, with volume of 8.25 million shares, according to London South East data.