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The Honolulu Advertiser
Posted on: Wednesday, June 9, 2004

Business briefs

Advertiser Staff

Paper enhances market listings

The Business section has revised its daily market listings as part of our new design. We have enhanced the listings in several ways. We are increasing the number of stocks listed from the New York Stock Exchange. We are also highlighting stocks on all exchanges that have gained or lost 5 percent in value since the previous close. We are adding crude oil prices and crude oil futures to our Daily Market Roundup in response to numerous requests.

To maintain the same type size on all the stock pages, we condensed some listings. We are combining the AMEX and NASDAQ stock listings. We have also condensed the number of mutual funds listed, removing funds that are aimed mostly at residents in other states or require more than a $25,000 initial investment.

Most of the data that have been removed from the daily tables can still be found here online, under up-to-the-minue markets.

To comment please contact David Butts at 535-2453 or dbutts@honoluluadvertiser.com.



A&B chief sells 10,000 shares

Allen Doane, president and chief executive of Alexander & Baldwin, sold 10,000 shares in the company at a price ranging from $32.82 to $32.94 per share, according to a Securities and Exchange Commission filing. The stock is up more than 13 percent over the past month, but is off its 52-week high of $35.14 reached on March 1. The sale reduced Doane's holding in the company to 76,341 shares.



Homes gain in value quickly

Single-family homes in Hawai'i on average appreciated faster than in any other state or the District of Columbia during the 12 months ended March 31, rising 15.16 percent. Nevada ranked second, at 15.08 percent, and the national average was 7.71 percent. When comparing 220 major metropolitan areas, Honolulu ranked 24th, with a 13.76 percent increase during the 12 months ended March 31.

The report, issued by the Office of Federal Housing Enterprise Oversight, is based on data from repeat sales and refinancing of single-family homes with mortgages purchased or securitized by Fannie Mae or Freddie Mac.