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The Honolulu Advertiser
Updated at 1:36 p.m., Monday, March 2, 2009

Most local stocks follow Dow Industrials lower

Advertiser Staff

Local companies weren't immune from the stock market slide with most trading at depressed levels from a year ago.

All Hawai'i-based company stocks fell today with the exception of Central Pacific Financial, which continues to trade at prices not seen since late 1990. It rose 1 cent to $3.98 a share yesterday.

Alexander & Baldwin Inc. shares fell 92 cents to $17.87, or the lowest since late 1987, while Barnwell Industries closed down at $2.54, or the lowest since 2000.

Hoku Scientific shares ended trading at $1.98, or near their lowest level since its initial public offering at $6 each in 2005.

Hawaiian Electric Industries stock fell 49 cents to $2.68, a level not seen since the late 1980s. Maui Land & Pineapple Co. shares were off 68 cents to $7.20.

The Dow Jones Industrial Average closed below 7,000 today for the first time since 1997. The Dow fell 299.64 points, or 4.2 percent, to 6,763.29. The Standard & Poor's 500 Index dropped 4.7 percent to 700.82, the lowest close since October 1996.