Shares of Alexander & Baldwin Inc. posted a solid gain yesterday during their first day of trading on the New York Stock Exchange.

The Honolulu-based owner of real estate and the Matson Navigation Co., saw its stock rise $1.07 to close at $45.10 during its Big Board debut under its the AXB symbol.

The company previously traded on the Nasdaq Stock Market under the symbol ALEX. The company announced the move to the NYSE last month, saying trading on the world's best-known stock exchange could be an important factor for its businesses in the coming years.