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Argus shares gain 1.8% on BSX

Argus shares gained 1.8 per cent on the BSX

Argus Group Holdings Ltd gained 1.8 per cent in Bermuda Stock Exchange trading.

The insurer climbed six cents to close on $3.47 on the trading of 769 shares.

Argus was the only stock price to change, although three others traded.

Butterfield Bank remained on $38, as 1,600 of its shares changed hands. The bank’s US-listed shares fell 52 cents, or 1.3 per cent, to close on $38.39 in New York.

Ascendant Group Ltd, parent company of electricity company Belco, closed unchanged on $17, as 8,494 shares were traded.

Insurer BF&M Ltd remained on $16.10 as 1,061 shares were exchanged.

The Royal Gazette/BSX Index gained 1.2 points to close on 2,279.65. For the week, the index plummeted more than 27 per cent, mainly as a result of the 26.2 per cent plunge in the value of Butterfield’s shares over the five-day period.

The BSX Insurance Index added 0.27 of a point to close on 1,469.35.