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The Honolulu Advertiser

Posted at 11:36 a.m., Wednesday, October 31, 2007

Hawaii stock index has biggest gain in a month

Advertiser Staff

The Bloomberg-Honolulu Advertiser Hawai'i Index had its biggest gain in more than a month as local stocks followed a larger market rally and Hawaiian Holdings' shares jumped on news of an $80 million judgement against Mesa Air Group.

The 11-member stock index climbed 1.58 points to 99.03, led by Alexander & Baldwin Inc. and Hawaiian Holdings. Six issues rose, one was unchanged and three declined.

Alexander & Baldwin sahres increased $1.85 to $52.38, or 3.7 percent.

Hawaiian's shares climbed 17 percent, or 76 cents, to $5.15. Barnwell Industries rose 65 cents to $14.65.

Mesa, the Phoenix-based parent of interisland carrier go!, fell 8.8 percent, or 45 cents, to $4.65.