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Sick dividend for arms firms.

GUN lovers have sent shares in arms firms soaring as they stock up ahead of a possible tightening of gun laws.

American Outdoor Brands Corp, who own Smith and Wesson, saw their stock rise more than three per cent. Sturm Ruger & Co were up three per cent and ammunition manufacturers Vista Outdoors Inc. rose more than two per cent.

Economist Mark Zandi said: "Shares in gun manufacturers rise after shootings as investors believe there will be a rush to purchase guns before new gun control regulations are put into place."

Tomi Kilgore, of Marketwatch, said: "The regulatory environment is among the biggest drivers of demand for guns, as fears of tighter regulation have boosted gun sales and share prices in the past."

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Publication:Daily Record (Glasgow, Scotland)
Date:Oct 4, 2017
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