The Bloomberg /
Local stocks rise
Mera Pharmaceuticals Inc.
was the top gainer in a winning week for the Bloomberg Honolulu Star-Bulletin stock index.
But even with its 12.5-percent gain for the week, the maker of microalgae-based nutritional supplements remains a sub-penny stock, closing at 0.9 cents a share. Year to date, Mera is down more than 43 percent.
Hawaiian Holdings Inc., parent company of Hawaiian Airlines, was second in the index this week, up nearly 10 percent to close at $3.40. Year to date Hawaiian is down almost 15 percent.
The Bloomberg / 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.
SOURCE: BLOOMBERG NEWS / STAR-BULLETIN GRAPHIC