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The LABJ Stock Index: Tracking 200 Selected Los Angeles County-Based Companies. (Investments & Finance).

Publication: Los Angeles Business Journal
Publication Date: 23-JUN-03
Format: Online
Delivery: Immediate Online Access

Article Excerpt
MARKET DIARY

Stocks rose across the board in the week ended June 18 as new data hinting at an improved economy lured investors back into the stock market. The Dow Jones Industrial Average gained 1.2 percent, the S&P 500 Index gained 1.3 percent, and the tech-heavy Nasdaq composite index gained 1.9 percent. Local stocks in the LABJ 200 index gained 0.5 percent, with computers and electronics the brightest local segment, up 6.3 percent for the week. Local restaurant and retail companies were up 3.2 percent, while real estate stocks slid 6 percent. Some notable winners were Aames Financial Corp., a consumer financial services company, up 28.9 percent to $2.90 a share; footwear maker Vans Inc., up 17.7 percent to $8.12; and 3D Systems Corp., a maker of three-dimensional imaging systems, up 17.5 percent to $7. Notable losers included camera maker Panavision Inc., down 20 percent to $6, furniture maker Virco Manufacturing Corp., down 14.1 percent to $7.18, and biotechnology company Cytrx Corp., down 14 percent $2.28. Advancing stocks outpaced decliners on the LABJ by 105 to 87, while 25 stocks set new 52-week highs versus only three setting new lows.

MARKET INDEXES June 18 June 11 Point 1-Wk 52-Wk YTD Index Close Close Change % Chg. % Chg. % Chg. Dow Jones Industrial 9293.80 9183.22 110.58 1.2% -4.2% 11.4% NASDAQ 1677.14 1646.02 31.12 1.9% 8.7% 25.6% S&P 500 1010.09 997.48 12.61 1.3% -2.6% 14.8% LABJ 200 88.89 88.48 0.41 0.5% 12.4% 24.4% INDUSTRY ANALYSIS June 18 June 11 Point 1-Wk Index Close Close Change % Chg. AEROSPACE/DEFENSE 161.66 161.61 0.05 0.0% APPAREL 48.41 48.63 -0.22 -0.5% AUTOMOTIVE/PLASTICS/METALS 127.45 123.32 4.13 3.4% BIOMEDICAL & PHARMACEUTICAL 128.57 127.66 0.91 0.7% COMMUNICATIONS 45.09 43.75 1.34 3.1% COMPUTERS/PERIPHERALS/ELECTRONICS 14.53 13.68 0.86 6.3% CONSTRUCTION/ENGINEERING 201.50 195.28 6.22 3.2% ENERGY/UTILITIES 93.75 95.31 -1.56 -1.6% FINANCIAL SERVICES 192.20 194.57 -2.37 -1.2% HEALTH CARE 168.18 163.47 4.70 2.9% INSURANCE 114.33 113.89 0.44 0.4% INTERNET 73.10 71.12 1.99 2.8% MEDIA/LEISURE/ENTERTAINMENT 60.23 60.58 -0.35 -0.6% MISC. MANUFACTURING 146.60 147.49 -0.89 -0.6% MISC. SERVICES 85.51 84.52 0.99 1.2% REAL ESTATE 141.56 150.61 -9.06 -6.0% RESTAURANTS/RETAIL/GROCERY STORES 168.19 162.92 5.28 3.2% SOFTWARE 111.06 108.38 2.68 2.5% 52-Wk YTD Index % Chg. % Chg. AEROSPACE/DEFENSE -33.2% -10.2% APPAREL -69.9% 25.9% AUTOMOTIVE/PLASTICS/METALS -15.4% 4.3% BIOMEDICAL & PHARMACEUTICAL 78.0% 37.0% COMMUNICATIONS 59.1% 83.8% COMPUTERS/PERIPHERALS/ELECTRONICS -30.5% 61.0% CONSTRUCTION/ENGINEERING 24.0% 51.4% ENERGY/UTILITIES -1.3% 14.2% FINANCIAL SERVICES 31.3% 37.6% HEALTH CARE 2.7% 20.8% INSURANCE -4.3% 15.4% INTERNET 10.5% 5.7% MEDIA/LEISURE/ENTERTAINMENT -7.2% 21.6% MISC. MANUFACTURING -7.7% 0.8% MISC. SERVICES -4.5% 18.9% REAL ESTATE 0.7% 7.5% RESTAURANTS/RETAIL/GROCERY STORES -45.4% 17.1% SOFTWARE -28.8% 25.8% WEEKLY TOP GAINERS TOP TEN GAINERS BY PERCENTAGE June 18 June 11 Point 1-Wk 52-Wk Company Close Close Change % Chg. % Chg. Artistdirect Inc. $0.75 $0.30 0.45 150.0% -91.5% En Pointe Technologies Inc. 0.75 0.50 0.25 50.0% -28.6% NetSol Technologies Inc. 0.48 0.35 0.13 37.1% 336.4% Alpha Technologies Group Inc. 1.50 1.10 0.40 36.4% -28.6% Aames Financial Corp. 2.90 2.25 0.65 28.9% 326.5% Pollution Research & Control 0.31 0.25 0.06 24.0% 40.9% Corp/CA Vans Inc. 8.12 6.90 1.22 17.7% -9.0% 3D Systems Corp 7.00 5.96 1.04 17.5% -38.9% Valueclick Inc. 6.38 5.44 0.94 17.2% 116.3% Electro Rent Corp. 11.99 10.50 1.49 14.2% -2.8% YTD Company % Chg. Artistdirect Inc. -65.1% En Pointe Technologies Inc. -6.3% NetSol Technologies Inc. 241.2% Alpha Technologies Group Inc. 47.1% Aames Financial Corp. 161.3% Pollution Research & Control 55.0% Corp/CA...

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