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Butterfield gains ground in New York

Fifteen hundred shares of Ascendant Group Ltd traded in Bermuda Stock Exchange traded.However, the owner of electricity utility Belco remained unchanged on $30.25.Ascendant was the only stock to trade as The Royal Gazette/BSX Index closed unchanged on 1,543.33.Butterfield Bank’s US-listed shares gained ground, climbing eight cents, or 0.44 per cent, to close on $18.42 on the New York Stock Exchange.Buterfield last traded at $19 on the BSX.The BSX Insurance Index fell 38.58 points, or 2.94 per cent, to close on 1,272.8.