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The Honolulu Advertiser
Updated at 3:29 p.m., Monday, December 1, 2008

Hawaii stocks tumble as broader market tanks

Advertiser Staff

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• Central Pacific Financial
• Financial Services
• Energy
• Oil & Gas
• Banking

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Hawai'i stocks mostly tumbled as the broader market fell on concerns about the economy.

Central Pacific Financial led decliners as it shed $2.48 a share and closed down 19 percent at $10.32.

Other local stocks that fell included Maui Land & Pineapple, which was off $1.87, or about 16 percent, at $9.36. Also recording double-digit percentage losses were Alexander & Baldwin, Bank of Hawaii and Hoku Scientific.

Barnwell Industries and Cyanotech Corp. both charted increases, rising 4.6 percent and 3.6 percent, respectively.