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 Air soars
The stock of Hawaiian Airlines' parent left investors and bankruptcy experts scratching their heads this week as it soared 77.8 percent on heavy volume to headline performances in the Bloomberg Honolulu Star-Bulletin index. Hawaiian Holdings Inc., which closed at 75 cents two weeks ago, ended yesterday at $1.60. It traded as high as $1.75 on Wednesday.
A market specialist at the American Stock Exchange attributed the surge to institutional buying.
Maui Land & Pineapple Co., which closed a deal to sell Queen Kaahumanu Center, was next with a 7.9 percent gain.
Source: Bloomberg News STAR-BULLETIN GRAPHIC
