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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Star-Bulletin Index
Hawaiian Airlines Inc., whose stock plummeted nearly 36 percent from last month's 52-week high after calling off its merger with Aloha Airlines, jumped 10.8 percent this week for the second-best performance in the Bloomberg Honolulu Star-Bulletin index. The carrier's shares, which closed yesterday at $3.17, had plunged from $4.45 on March 5 to $2.86 last week before stabilizing. The stock traded at $2.50 the day before the December announcement that the airlines intended to merge. Hawaiian Airlines
regains altitudeCeatech USA Inc., which traded just 200 shares during the week, rose 25 percent to 75 cents to post the best return in the index. Aquasearch Inc., which is in Chapter 11 bankruptcy, had the third-best return as it gained 9.1 percent to 6 cents.
CB Bancshares Inc. was the worst performer as its stock fell 6.1 percent despite a 26 percent jump in earnings the previous week. The City Bank parent's stock closed yesterday at $37.09.
Source: Bloomberg News STAR-BULLETIN GRAPHIC
