Shares of Argus Group Holdings Ltd fell 7.5 per cent in Bermuda Stock Exchange trading.

The insurer’s shares slid 30 cents to close on $3.70 as 10,000 shares changed hands.

Butterfield Bank gained 1 cent to close on $1.65 as 50,000 shares traded.

Ascendant Group Ltd, owner of electricity firm Belco, closed 1 cent lower at $4.40 as 4,000 of its shares were exchanged.

LOM Financial Ltd saw strong trading activity, with 18,372 of its shares changing hands, as the price remained unchanged at $2.30.

The Royal Gazette/BSX Index closed 1.56 points, or 0.13 per cent lower, at 1,164.36.

Trading volume totalled 82,372 shares, while turnover was $178,883.60.

The BSX Insurance Index closed down 15.27 points, or 0.95 per cent, at 1,596.03.