The Bloomberg /
Mera tops index
Mera Pharmaceuticals Inc.
's 12.5 percent gain put it at the top of the Bloomberg Honolulu Star-Bulletin stock index this week, but even that didn't let the company regain its status as a true penny stock: It closed the week at only 0.9 cents a share. Year to date, Mera is down more than 43 percent.
Behind Mera were Bank of Hawaii Corp. and Central Pacific Financial Corp., with gains of 3.66 percent and 3.45 percent, respectively. Year to date, Bank of Hawaii is down 4.81 percent, while Central Pacific is up 6.85 percent.
Trailing the index for the week was Hoku Scientific Inc., down 12.9 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