State index falls 0.32 as ArcBest surges
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, dropped 0.32 to 356.11 Friday.
ArcBest Corp. shares jumped 25.4 percent on more than double its average volume.
Bank of the Ozarks fell 12.3 percent on six times its normal volume.
For the week, 13 stocks rose and five fell.
ArcBest had the best week, rising 25.1 percent.
Bank of the Ozarks fell 10.8 percent for the week.
Total volume for the index was 28 million shares. The average daily volume for the week was 23.2 million shares.
The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.