Butterfield Bank shares fell five cents in Bermuda Stock Exchange trading.

The bank slipped 0.1 per cent to close on $35.15 as 110 shares traded, on the day it announced a new buyback programme authorising the repurchase of 2.5 million of its shares.

In New York trading, Butterfield’s US-listed shares fell six cents, or 0.17 per cent, to close on $34.87.

Ascendant Group Ltd was the only other stock to trade, closing unchanged on $17 as 1,600 shares changed hands.

One Communications Ltd announced that during November, it repurchased 10,000 of its own shares at an average price of $3.17 for immediate cancellation.

The Royal Gazette/BSX Index fell 2.25 points, or 0.1 per cent, to close on 2,148.55.

The BSX Insurance Index fell 4.3 points, or 0.28 per cent, to close on 1,548.96.