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West Hamilton boosts the BSX

A 53 percent rise in the share price of property developer West Hamilton Holdings Ltd last week helped the Bermuda Stock Exchange (BSX) record a positive trading week.The day after it announced its intention to raise $9.3 million in a rights issue, West Hamilton’s share price shot up $2.65 to $7.65 on the trading of 1,000 shares.West Hamilton is developing the Belvedere Place commercial office space project on the site of the old Bermuda Bakery on Pitts Bay Road.The only other domestic-board stock to advance last week was KeyTech Ltd, owner of the Bermuda Telephone Company, which announced a $5.9 million full-year profit during the week. The company’s shares climbed one cent to $6.06, as 1,800 shares were exchanged.Ascendant Group Ltd, owner of Belco, saw its shares fall 20 cents, or 1.4 percent, to $13.80, as 220 shares traded.Insurer BF&M Ltd was actively traded last week, falling five cents, or 0.3 percent, to $14.80 as 22,100 shares changed hands.Butterfield Bank was the most heavily traded issue last week, remaining on $1.40 as 135,076 shares traded.The Royal Gazette / BSX Index ended the week up 1.26 points, or 0.1 percent, at 1,197.71. Share volume topped 162,500, while turnover was just short of $560,000.