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Butterfield, Ascendant lead market higher

The Royal Gazette/BSX Index gained last week, despite a 7.3 per cent fall in the value of BF&M shares

Butterfield Bank and Ascendant Group led The Royal Gazette/BSX Index higher last week.

Butterfield gained 50 cents, of 1.4 per cent over the five days of trading to close on $36, as 16,922 of its shares changed hands.

Ascendant, parent company of power utility Belco, climbed 25 cents, or 2.8 per cent, to close on a 52-week high of $9.25, as 25,200 shares were traded.

Insurer BF&M Ltd dipped $1.50, or 7.3 per cent, to close on $19.10. However, this hefty move came on very low volume, as 100 shares changed hands.

The Royal Gazette/BSX Index gained 13.42 points, or 0.6 per cent, to close the week on 2,134.59.

Trading volume was 44,466 shares, while turnover topped $856,000.