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Butterfield buoys BSX

The Royal Gazette/BSX Index inched 1.95 points higher in last week’s trading, thanks mainly to Butterfield Bank’s one cent rise.

Butterfield shares hit the $2 mark, rising 0.5 percent, as 347,846 shares changed hands during the five days of trading.

Bermuda Press (Holdings) Ltd (BPH) logged the business share price increase last week, climbing 30 cents, or 3.4 percent, to close the week on $9.05, on the trading of 300 shares. BPH owns The Royal Gazette, as well as commercial printing, retail and real estate interests.

Watlington Waterworks Ltd also advanced, gaining 35 cents, or 2.1 percent, to $16.85, as 306 shares changed hands.

KeyTech was the biggest faller last week, dipping 25 cents, or 6.3 percent, to $3.75, as 2,000 shares traded.

BF&M Ltd slipped five cents, or 0.3 cents, to $18, as 2,000 of the insurer’s shares traded.

Butterfield Bank’s eight percent preference shares also fell, shedding $10, or 0.9 percent, to close the week on $1,150, as 100 shares were exchanged.

The Index closed the week down 0.14 percent at 1,378.7.

Bermuda Stock Exchange trading volume totalled 360,554 shares, while turnover topped $895,000.