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Orlando killings prompt share rise in US gun companies

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Orlando killings prompt share rise in US gun companies

Orlando killings prompt share rise in US gun companies
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Shares in US gun companies saw stocks rise as a result of the mass murder in an Orlando LGBT nightclub.

It is a well observed phenomenon that firearm shares rise after a mass killing.

Analysts claim that consumers get spooked by the idea of tougher gun laws and rush to purchase.

Smith & Wesson saw gains of 6.9 percent while other manufacturers registered rises of up to 8.5 percent.

The numbers for the US gun sector are staggering $13.5 bn represents the annual revenue for gun and ammunition manufacture yielding a $1.5 bn profit.