FINdex Makes Steady Gains During First Half
FEATURE
FINdex Makes Steady Gains During First Half
The FIN Fastener Stock Index posted solid gains in the first six months of 2016, boosted by strong results from automotive and industrial fastener stocks.
During the first six months of 2016, the FINdex rose 8.2%, compared to a 2.1% increase by an index of related industrial stocks.
Companies gaining 10% or more in share value during the first half included Chicago Rivet (up 15.8%); Dorman Products (up 20.5%); Grainger (up 12.2%); ITW (up 12.4%); MSC Industrial (up 25.4%); Nucor (up 22.6%); Simpson Mfg. (up 17%); Tree Island Steel (up 15.5%); and Wesco Aircraft (up 12.1%).
Companies losing 10% or more in share value during the first half included Anixter (down 11.8%); Lawson Products (down 14.9%); and Park Ohio (down 23%).
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