Saturday, October 6, 2001The 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 Corp., which hasn't traded as high as $1 since Aug. 31, took a big step in that direction this week as its stock surged 17.77 percent to lead 13 other stocks in the Bloomberg Honolulu Star-Bulletin Index.
Cyanotech takes big jump
The Big Island biotech company, whose 52-week high is $1.75 on Oct. 23, is down 62.3 percent from that high at 66 cents and off 15.6 percent year-to-date.
Hawaiian Airlines Inc., whose stock was pummeled when tourism slowed after the terrorist attacks, continued to rebound and finished the week up 9.09 percent.
Bank of Hawaii parent Pacific Financial Corp., which said Wednesday it had reached agreement to sell its operations in Papua New Guinea, Vanuatu and Fiji to Australia-based ANZ, dropped 11.64 percent.
Source: Bloomberg News STAR-BULLETIN GRAPHIC