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The Honolulu Advertiser
Updated at 3:22 p.m., Tuesday, October 28, 2008

Most Hawaii stocks follow market higher

Advertiser Staff

Most Hawai'i stocks gained as Wall Street enjoyed a late-day rally that sent the Dow Jones Industrial Average up 889.35, or 10.88 percent.

Seven of the 11 shares in the Honolulu Advertiser-Bloomberg Hawaii Index rose, as the index increased by 2.83 points to 67.77. The index, which began in August 2007, rose from an all-time low yesterday.

Among the leading gainers were Hawaiian Holdings, which rose 12.9 percent in gaining 73 cents to $6.39 a share. Bank of Hawaii shares jumped 8.4 percent in rising $3.63 to $46.78.

Two issues fell during trading — Maui Land and Pineapple was down 4.3 percent to $13.39, while Barnwell Industries slipped 18 cents to $6.09.