The FIN Fastener Stock Index climbed in the second quarter of 2019, boosted by a stock performance that produced the strongest June in decades.

The FINdex rose 13% in Q2, outperforming an index of related industrial stocks that increased 6.2%.

Arconic achieved the largest percentage gain of the period, rising 35% in the second quarter of 2019.

Other fastener companies with gains of 10% or more during Q2 included Simpson Mfg. (up 12.1%); Tree Island Steel (up 13.3%); and Wesco Aircraft (up 21%).

During the first half of 2019, the FINdex rose 13.7%, bested by a 15.3% rise in an index of related industrial stocks.

Arconic achieved the largest percentage gain in the first six months of 2019, climbing 53.1% during the period.

Other fastener companies with gains of 10% or more during the first half included Carpenter Technology (up 34.7%); Bisco Industries (up 39.3%); ITW (up 19%); Lawson Products (up 16.2%); Simpson Mfg. (up 22.8%); Stanley Black & Decker (up 20.8%); TriMas (up 13.5%); and Wesco Aircraft (up 40.5%).

In the opening quarter of 2019, the FINdex recouped the losses it suffered in 2018, gaining 7.2%, compared to an 8.6% increase by an index of related industrial stocks.

The FINdex contracted in 2018, hampered by volatility that dominated the markets, making 2018 the worst year for stocks in a decade. The FINdex declined 7.1% during the year, compared to a 7% drop by an index of related industrial stocks. The loss followed two consecutive years of double-digit growth.

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