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Butterfield edges up

Five companies saw their stock prices decline on the Bermuda Stock Exchange (BSX) last week.

The only two issues to climb were Butterfield Bank’s common shares and preference shares.

The bank’s common shares climbed one cent, or 0.7 percent, to close on $1.51, as 38,686 shares changed hands. The preference shares climbed $20 over the week, or 1.6 percent, to end Friday on $1,250 as 418 shares were exchanged.

The biggest decline on the Exchange was that of LOM (Holdings) Ltd, which fell 35 cents, or 10.8 percent, to close on $2.90 on the trading of 14,700 shares.

Bermuda Aviation Services Ltd also saw a substantial dip, falling 20 cents, or 5.6 percent, to close on $3.40, as 25,600 shares traded. Bermuda Commercial Bank Ltd also tumbled 45 cents, or 3.9 percent, to close on $11 as 1,000 shares changed hands, while insurer BF&M Ltd also slid 20 cents, or 1.3 percent, to end the week on $14.80.

The Royal Gazette / BSX Index rose 41.39 points, or 3.22 percent, during the trading week to 1,285.08 at Friday’s close. Volume topped 86,000 shares and turnover was more than $794,000.

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Published August 15, 2011 at 10:19 am (Updated August 15, 2011 at 10:19 am)

Butterfield edges up

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