Saturday, December 22, 2001 The 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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Star-Bulletin Index
Hawaiian Airlines Inc.'s stock, which late Wednesday said it was merging with privately held rival Aloha Airlines, soared 50 percent this week to lead 13 other stocks in what probably was the most eventual week ever for the Bloomberg Honolulu Star-Bulletin index. Hawaiian shares, which didn't trade Tuesday due to the pending announcement, jumped to $3.74 from $2.50 over the final two trading days. Its shares, which hit an intraday high of $4.05 Thursday, are now up 106.3 percent this year. Merger sends Hawaiian Air flying
Cyanotech Corp., which makes nutritional supplements out of microalgae, also had a monster week, rocketing 47.8 percent to 99 cents, after announcing Thursday it would expand production capacity next quarter by about 60 percent.
First Hawaiian Bank parent BancWest Corp. bid adieu to the index, leaving it with just 13 members, following Wednesday's trading when its acquisition by French bank BNP Paribas was finalized.
Source: Bloomberg News STAR-BULLETIN GRAPHIC
