The Bloomberg /
Hoku’s stock soars
Hoku Scientific Inc.
was easily the top gainer this week in the Bloomberg Honolulu Star-Bulletin stock index, up 91 percent to close at $4.68.
But the increase, which came amid signs of progress in both its fuel-cell and solar materials ventures, still left the stock below its initial public offering price of $6. Year to date, the stock is down more than 38 percent.
Far behind Hoku in the index was Mera Pharmaceuticals Inc., with a gain of more than 6 percent for the week. But Mera's shares remain mired in sub-penny territory, closing at 0.8 cents.
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