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Somers and Argus shares surge

Shares of Somers Ltd and Argus Group Holdings Ltd both surged to 52-week highs in Bermuda Stock Exchange trading.

Somers climbed $1.50, or 9.7 per cent, to close on $17 as 1,100 shares of the financial-services holding company changed hands.

Insurer Argus jumped 30 cents, or 7.3 per cent, to close on $4.40, as 2,914 shares traded.

Fellow insurer BF&M Ltd fell 74 cents, or 3.5 per cent, to close on $20.26 as 500 shares were exchanged.

Butterfield Bank also slipped, shedding 25 cents, or 0.8 per cent, to close on $33, as 3,674 shares changed hands. Butterfield’s US-listed shares gained 86 cents, or 2.61 per cent, to close on $33.77 on the New York Stock Exchange.

The BSX Insurance Index closed down 14.22 points, or 0.83 per cent, to close on 1,697.05.

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Published February 19, 2021 at 7:36 pm (Updated February 20, 2021 at 6:24 pm)

Somers and Argus shares surge

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