Two stocks and one fell in Bermuda Stock Exchange trading.

One Communications Ltd was the most heavily traded stock, gaining five cents, or 1.3 per cent to close on $3.80 as 30,900 shares of the telecommunications group changed hands.

BF&M Ltd also gained ground, climbing to a new 52-week high of $17.90. The insurer gained 20 cents, or 1.1 per cent, on the trading of 1,312 shares.

Ascendant Group Ltd slid 50 cents, or 1.5 per cent, to close on $32 as 1,000 shares traded. The parent company of power utility Belco is awaiting regulatory approval for a $36-per-share takeover by Algonquin Power and Utility Corp — a deal already approved by shareholders.

The Royal Gazette/BSX Index fell 2.6 points, or 0.13 per cent, to close on 2,073.13. For the week, the index gained 3.4 per cent, driven mainly by a 7.1 per cent rise in Butterfield Bank stock.

The US-listed shares of Butterfield added 47 cents, or 1.51 per cent, to close on $31.51 on the New York Stock Exchange. They last traded at $30 on the BSX.

BSX trading volume on Friday totalled 33,212 shares, while turnover was $171,859.80.

The BSX Insurance Index fell 4.47 points, or 0.26 per cent, to close on 1,735.91.

• Financial-services investment holding company Somers Ltd announced it repurchased 2,500 of its own shares in July at an average of $15 a share. The shares will be cancelled with immediate effect.

Somers said the number of common shares in issue as at July 31, 2019 was 20,683,557, net of 2,500 treasury shares.