Hawaii Stocks are on the Rise

While it is generally advisable to take all good news with a grain of salt on the economic front, it's hard not to return to optimism when there is so much of it at once.

In the past couple of months we've had two big airlines provide new service to Maui and Oahu, an increase in the number of visitors to Hawaii, an increase in home sales on a national level, and statistics reporting that Honolulu unemployment is on the decline. Now it looks like Hawaii stocks are on the rise.

As of Friday, September 4th, Hawaii stocks were mostly up at closing. The U.S. Bureau of Labor Statistics had just reported that the pace of national job losses had slowed and Wall Street's numbers began to rise.

Here is a brief rundown of Hawaii stocks where we saw gains:

Bank of Hawaii is up a little at $39.09, Alexander and Baldwin was up 1.7 percent at $29.53, Cyanotech Corp saw a 1 percent gain to $2.44. Hawaiian Holdings Inc., which is the parent company of Hawaiian Airlines, was up 3 percent to $7.48. Hawaiian Electric Industries, the parent company of American Savings Bank and Hawaiian Electric Co. was up slightly at $16.92. Central Pacific Financial Corp. was up 1.6 percent to $2.42 and Hoku Scientific was up 2.2 percent at $1.85.

Some declines were seen as well with Maui Land & Pineapple down 3.1 percent to $6.10, Barnwell Industries down 4.4 percent to $4.25 and Territorial Bancorp, the parent company of Territorial Savings Bank down slightly at $16.06.

The Dow ended up 97 points at 9441 and the S7P 500 was up 13 points at 1016. Nasdaq closed up 35 points at 2019.

As for Maui real estate, get them while listing prices are low. Explore the excellent selection of Maui oceanfront condos for sale and Kaanapali homes on the market now. As always, don't hesitate to contact me by email at robert@mauihomesales.com or call 808-662-0003. Mahalo for reading this week!