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., which last month made a tender offer to purchase 17.46 percent of its outstanding stock at $4.25 per share, rose 5.4 percent to finish as one of only two winners this week in the Bloomberg Honolulu Star-Bulletin index. The carrier has been trying to boost its shares since calling off its merger in March with Aloha Airlines. Tender offer helps Hawaiian Air soar
The worst performer was Cyanotech Corp., which dropped 13.7 percent as part of a continuing slide that has seen its stock trade 39 straight days below $1. It faces delisting from the Nasdaq if it can't get its stock to the $1 level for 10 straight days before Sept. 16.
Source: Bloomberg News STAR-BULLETIN GRAPHIC
