2011 FIN Fastener Stock Index Rises
FEATURE
The FIN Fastener Stock Index gained 9.5% in 2011, compared to a 0.6% growth rate for an index of related industrial stocks that found no safe haven in a volatile trading year.
The FINdex was boosted by strong gains in the final quarter, when only one public fastener company lost ground on its share value during the period.
That reversed the trend from the previous quarter when only one fastener company achieved a stock price gain, while many saw their stock value decline by double digits.
But while some companies achieved big gains, others recorded big losses.
Click HERE to read our list of winners and losers in a year that many were only too happy to leave behind. ©2011 GlobalFastenerNews.com
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