The Bloomberg /
Star-Bulletin Index

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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CPB's stock rebounding

Central Pacific Bank parent CPB Inc., which has been gaining momentum since an institutional investor unloaded a big block of shares last month, jumped 10.1 percent this week to lead 11 other stocks in the Bloomberg Honolulu Star-Bulletin index. The jump boosted CPB's gain for the year to 46.7 percent and made it the top-performing stock in the index. The shares, which closed yesterday at $43.14, have gained 37 percent since falling to $31.15 on the July 22 institutional selloff.

Mera Pharmaceuticals Inc., formerly known as Aquasearch Inc., had held the top position but was the index's worst performer this week as it tumbled 33.33 percent to 8 cents.

Source: Bloomberg News

STAR-BULLETIN GRAPHIC