BSX daily trade report
Ascendant shares continue winning streak
Shares of Ascendant Group Ltd continued their winning streak on the Bermuda Stock Exchange yesterday.
The owner of power utility Belco gained 50 cents, or 2.4 per cent, to close on $21 — the highest point since August 2008 for Ascendant shares — as 7,000 shares changed hands.
The company, which has been aggressively buying back its own shares in recent months, announced in January that it was “evaluating strategic options” including a potential sale and since then the stock has surged.
Butterfield Bank was the only other stock to trade on the BSX, remaining on $34.50 as 300 shares changed hands. The bank’s US-listed shares gained 52 cents, or 1.5 per cent, in New York, to close on $35.38.
The Royal Gazette/BSX Index gained 4.82 points, or 0.22 per cent, to close on 2,162.7.
The BSX Insurance Index gained 10.4 points, or 0.68 per cent, to close on 1,548.4.
Pettingill in contempt of court
Bermudian woman missing in Toronto
Caines approves permit for Buju
Eve’s moves and marks 25 years of sexy sales
Duperreault and Greenberg top pay rankings
DeSilva: Project Ride for all new motorists
No comment on civil servant’s status
Armed robbery at Belvin’s in Flatts
Take Our Poll