Shares in top gun manufacturers rose in the US following the horrific shooting in Las Vegas late Sunday night.
Over 50 people were killed and another 400 injured in a concert at the Route 91 Harvest Festival.
The BBC reported:
Shares in gun manufacturers rose in the first few hours of trading on Monday, just hours after a gunman killed at least 50 people in Las Vegas.
It is thought the rise is down to an anticipated rush to buy weapons as people fear a tightening of gun control laws.
Soon after opening on Monday morning, shares in American Outdoor Brands Corp. (NASDAQ: AOBC), which holds Smith and Wesson, were up more than 3%.
Sturm Ruger & Co. (NYSE: RGR), another gun manufacturer, was up around 3% at the same time. Meanwhile, ammunition manufacturer, Vista Outdoors Inc. (NYSE: VSTO) was up 3%.
Prices in all three companies were bouncing around in early trading, but were in positive territory.
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