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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Cyanotech rises

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Cyanotech Corp. gained 2.4 percent to lead the way in what was a relatively flat performance this week for most of the 11 members in the Bloomberg Honolulu Star-Bulletin index. The Big Island producer of human and animal nutritional products closed yesterday at $1.35 but still is the worst local performer this year with a loss of 28.2 percent.

Central Pacific Financial Corp. and CB Bancshares Inc., whose merger is expected to be approved next month, rose 2.3 percent and 2.1 percent, respectively.

Mera Pharmaceuticals Inc. brought up the rear with a 21.4 percent drop.

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SOURCE: BLOOMBERG NEWS STAR-BULLETIN GRAPHIC