Ascendant and Somers gain on BSX

  • Four companies traded on a busy day for the Bermuda Stock Exchange

    Four companies traded on a busy day for the Bermuda Stock Exchange

Ascendant Group Ltd and Somers Ltd saw gains in their share prices in Bermuda Stock Exchange trading.

Ascendant, owner of power utility Belco, gained $1, or 11 per cent, to close on $10 as 8,000 shares changed hands. The trading action enabled it to recover fully from its $1 fall on Monday.

Somers, owner of stakes in financial-services companies and parent company of Bermuda Commercial Bank, rose 55 cents, or 3.9 per cent, to close on $14.80 as 300 shares traded.

Insurer BF&M Ltd was the one stock to fall, shedding 15 cents, or 0.9 per cent, to close the session on $16.85, as 300 of its shares traded.

Butterfield Bank shares were unchanged at $44.75, as 2,925 shares changed hands. Butterfield’s New York Stock Exchange-traded shares gained $1.15, or 2.6 per cent, to close on $45.89 amid a broad-based Wall Street rally.

The Royal Gazette/BSX Index gained 12.15 points, or 0.5 per cent, to close on 2,515.66. BSX trading volume was 11,525 shares, while turnover totalled $220,138.75.

The BSX Insurance Index climbed 0.28 of a point to close on 1,879.74.

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Published Apr 10, 2018 at 6:02 pm (Updated Apr 10, 2018 at 6:37 pm)

Ascendant and Somers gain on BSX

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