Saturday, November 3, 2001The Bloomberg Honolulu Star-Bulletin Index is a price-weighted index designed to measure the performance of Hawaii-based companies. The index was developed with a base value of 100 as of December 31, 1999. A chart of the index which shows the weekly performance of its members is published weekly in the Honolulu Star-Bulletin.
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Ceatech USA Inc., which has been trying to land part of a $5 million loan from the state Department of Agriculture, surged 20 percent this week to lead 13 other stocks in the Bloomberg Honolulu Star-Bulletin Index.
The Kauai shrimp producer, whose thinly traded stock has jumped 121.5 percent this year, only traded one day during the week as 500 shares exchanged hands on Wednesday. The stock is now at 90 cents.
Bank of Hawaii parent Pacific Century Financial Corp., which on Monday reached agreement to sell its French Polynesia and New Caledonia operations, was next with a 4.51 percent gain.
Kona biotech firm Aquasearch Inc. brought up the rear as it tumbled 22.58 percent. Five creditors brought suit this week to force the company into involuntary bankruptcy. Aquasearch followed with news of a 45 percent staff cut.
Source: Bloomberg News STAR-BULLETIN GRAPHIC