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.

Cyanotech rises

Cyanotech Corp., the worst-performing local stock this year, rose 6.3 percent this week to lead nine other companies in the Bloomberg Honolulu Star-Bulletin index.

The Big Island producer of nutritional products out of microalgae rose above $1 for the first time in three weeks before closing yesterday at 96 cents. Earlier this week, Cyanotech said tests showed that its product Spirulina does not contain a neurotoxin reported to be found in other types of cyanobacteria.

Hawaiian Electric Industries Inc., the second-best performer, rose 3.2 percent to $26.77.

SOURCE: BLOOMBERG NEWS
STAR-BULLETIN GRAPHIC