The Bloomberg /
Mera stock soars
Mera Pharmaceuticals Inc.
led the Bloomberg Honolulu Star-Bulletin stock index this week with a 71.43 percent gain that also returned it to penny-stock status for the first time since July.
Mera, which on Wednesday reported a narrower loss and held out the prospect of profits this year, closed the week at 1.2 cents a share. For the last 12 months, however, the nutritional supplements maker is down 25 percent.
Behind Mera this week is Hawaiian Holdings Inc., parent company of Hawaiian Airlines, with a 10.12 percent gain that left it at $6.20 a share. Over the last 12 months Hawaiian is up 37.78 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