Shares of most of Hawai'i's publicly traded companies jumped for a second day as broader markets reacted to government plans to purge banks of bad assets.

Ten of 11 issues in The Honolulu Advertiser-Bloomberg Hawai'i Index climbed, led by local bank stocks.

The index rose 6.93 points, or 7.1 percent, to 104.80 and cleared the 100-point mark for the first time since May 1.

Bank of Hawaii shares surged $8.50, or almost 14 percent, to close at a 52-week high of $70.00. Central Pacific Financial rose $2.05 to $20.75

The lone decliner on the day was Mera Pharmaceuticals, which traded at less than 1 cent a share.

The increases in the local index over the past two day mirrored a global rally. Bloomberg News reported the Standard & Poor's 500 Index jumped 4 percent, capping its biggest two-day rise since the aftermath of the 1987 crash. The Dow Jones Industrial Average closed the day at 11,388.44.