Butterfield weighs on BSX

Make text smaller Make text larger

  • The Royal Gazette/BSX Index fell 3.6 per cent last week

    The Royal Gazette/BSX Index fell 3.6 per cent last week


The Royal Gazette/BSX Index fell 3.6 per cent last week, largely because of a tumble in the price of Butterfield Bank shares.

The Bermuda Stock Exchange was closed yesterday for the Remembrance Day public holiday.

Butterfield slipped $1.75, or 4.7 per cent, over the five days of trading to close on $35.25, as 8,823 shares changed hands. The New Stock Exchange was open yesterday and Butterfield’s US-listed shares gained 62 cents, or 1.7 per cent, to close on $36.82.

The index fell 75.72 points to close the week on 2,107.64.

Argus Group fell 3.8 per cent on the trading of 40,000 shares last week, to close on $3.85, while rival insurer BF&M Ltd gained 1.4 per cent to close on $18.50, as 4,700 of its shares traded.

Ascendant Group, owner of Belco, climbed 2.7 per cent to reach a 52-week high of $9.50, as 7,616 shares were exchanged.

Somers Group, owner of Bermuda Commercial Bank, also hit a 52-week high of $14.50, as it gained 1.8 per cent on the trading of 700 shares.

One Communications Ltd, with 37,459 shares changing hands, was the second-most actively traded stock on the BSX last week, but it remained unchanged on $2.99.

BSX trading volume totalled 99,298 shares and turnover amounted to $748,776.61.

You must be registered or signed-in to post comment or to vote.

Published Nov 14, 2017 at 8:00 am (Updated Nov 13, 2017 at 11:53 pm)

Butterfield weighs on BSX

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon

  • Take Our Poll

    Today's Obituaries