The Los Angeles Business Journal’s index of the largest local public companies closed up for the week ended May 28 even though the overall markets continued to decline over concerns about the European economy.

The weighted LABJ index closed up 1.4 percent to 119.34, with gainers outpacing decliners 120 to 60.

Among the top gainers was Songzai International Holding Group Inc., which jumped 23 percent to $5.79 after the City of Industry coal mining company said it was acquiring a mine in the Inner Mongolia region of China.

MPG Office Trust Inc. also gained 23 percent to $3.09 after the Los Angeles real estate investment trust, formerly known as Maguire Properties, said it turned over a five-story building in Irvine to its lender in an effort to reduce debt.

Hanmi Financial Corp. added 21 percent to $2.31 on news that the Koreatown parent Hanmi Bank sold a majority stake to a financial conglomerate in South Korea.

Thomas Properties Group Inc. ended the week up 18 percent to $4.13 as the Los Angeles owner and manager of commercial properties held its annual shareholders’ meeting.

Among a handful of double-digit decliners was DreamWorks Animation SKG Inc., which fell 15 percent to $$29.69 after analyst downgrade following a disappointing opening box office weekend for the Glendale animation studio’s “Shrek 4”.