The Los Angeles Business Journal’s index of the largest local public companies closed down slightly for the week ended July 16 after the overall markets reacted to some poor earnings reports and a pessimistic consumer survey.
The weighted LABJ index closed down 0.19 percent to 113.22, with decliners outpacing gainers 102 to 67.
Koreatown bank holding company Hanmi Financial Corp., which announced a secondary offering, ended the week down nearly 19 percent to $1.26.
Live Nation Entertainment Inc. lost 18 percent to $8.99 after the Beverly Hills concert promoter reported lackluster ticket sales due to a weak concert season.
Lions Gate Entertainment Inc. fell 10 percent to $6.09 following reports that the Santa Monica studio was again considering a merger with struggling studio Metro-Goldwyn-Mayer.
Among the largest gainers for the week was DineEquity Inc., which jumped more than 19 percent to $31.93 after reports that the Glendale parent of the IHOP and Applebee’s restaurant chains was taking steps to cut debt.
National Technical Systems Inc. gained more than 10 percent to $7.92 after the Calabasas provider of engineering services earlier announced that it won a large Boeing contact.
California Pizza Kitchen Inc. ended the week up nearly 7 percent to $14.93 after the Century City restaurant chain increased its second quarter profit forecast.