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Argus shares surge 13.5 per cent higher

Argus on the up: shares of the insurer rose more than 13 per cent in BSX trading

Shares of insurer Argus Group surged today, rebounding from a double-digital fall in Bermuda Stock Exchange trading last week.

Argus closed up 54 cents, or 13.5 per cent, at $4.55 after 2,000 changed hands.

Bank of Butterfield dropped 5 cents to $25.05. The 0.2 per cent fall came as 14,200 shares traded.

The bank also fell on the New York Stock Exchange, down 13 cents, or 0.51 per cent, to $25.32.

And Bermuda Aviation Services was unchanged at $3.25 after 1,500 shares moved.

The Royal Gazette/BSX Insurance Index closed up 10.80 points, or 0.67 per cent, at 1,618.29.

The BSX Insurance Index ended the day down 10.62 points, or 0.63 per cent, at 1,663.51.