The Los Angeles Business Journal’s index of largest local public companies rose for the week ended July 1 as the markets rallied ahead of the Independence Day holiday weekend.
The weighted LABJ Index rose more than 4 percent to 128.67, with gainers outpacing decliners 129 to 36 and 17 companies unchanged.
Hanmi Financial Corp. soared 34 percent to $1.18 after the Koreatown bank holding company canceled a $75 million secondary offering, saying its shares were undervalued.
NetSol Technologies Inc. jumped 18 percent to $1.74. The Calabasas IT consultant joined the Russell Microcap Index and announced a contract with an unnamed Fortune 500 company.
KB Home was one of the biggest decliners, dropping 14 percent to $10.17. The Westwood homebuilder said its fiscal second quarter loss more than doubled on slower construction and charges related to a failed development in Nevada..
Beverly Hills 3-D cinema technology company RealD Inc. fell 6 percent to $22.92 as investors waited to see how this weekend’s big 3-D film, “Transformers 3” does at the box office.