The 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 announced new clinical evidence suggesting that the use of Spirulina stimulates the human immune response to cancer, shot up 7.8 percent this week to lead 11 other stocks in the Bloomberg Honolulu Star-Bulletin index.
Clinical test boosts Cyanotech
The Kona aquaculture company, which makes the dietary supplement from microalgae, closed yesterday at $1.10.
Central Pacific Bank parent CPB, the index's top gainer this year, was the other big winner of the week as it rose 5 percent to $38.82. The company, which reports earnings Tuesday, is up 32 percent this year. It hit a 52-week high of $39.30 Wednesday.
The worst performer of the week was Hawaiian Airlines Inc., which Thursday formalized its rejection of a merger with Aloha Airlines. Hawaiian, which last month said it was pulling out of the deal, saw its stock fall 5.3 percent to $2.86, its lowest price since trading at $2.50 on Dec. 18 -- the day before the two airlines announced their intent to merge.
Source: Bloomberg News STAR-BULLETIN GRAPHIC