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KeyTech shares fall 20%

Telecommunications firm KeyTech was the biggest loser on the Bermuda Stock Exchange today.

KeyTech’s share price fell 80 cents (20 per cent) to $3.20 after 6,100 shares changed hands. Yesterday the company reported a six-month net loss of nearly $20 million.

The other trade saw Bermuda Aviation Services rise one cent (0.3 per cent) to $3.01 after 7,100 shares traded.

The Royal Gazette/BSX Index closed down 9.83 points (0.72 per cent) at 1,348.85.

The Bermuda Insurance Index also closed down 8.70 points (0.56 per cent) at 1,547.66.