Argus Group Holdings Ltd. proved to be where the smart money is as its share price shot up 25 cents (1.7 percent) to close at $15.25 on the Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.

A total of 20,000 shares were traded throughout the day by the insurance company.

Meanwhile, BELCO Holdings Ltd. dropped 50 cents off its share value (2.3 percent) to finish on $21, as 3,200 shares changed hands.

Butterfield Bank also declined by five cents (0.3 percent) to close on $18.85, with 5,550 shares traded.

Overall, the Index finished down 7.66 points (0.15 percent) at 4,968.88, as 28,750 shares worth $477,185 changed hands.

The BSX Insurance Index also closed down 0.94 percent at 1,196.48.