Butterfield preference shares fall
Butterfield Bank’s preference shares dropped 1.2 percent ($15) on The Bermuda Stock Exchange (BSX) yesterday.
The bank traded 80 shares to close at 1,235. It also saw 49,600 common shares change hands, but its share value held firm at $1.50.
Argus Group Holdings Ltd also fell .2 percent (one cent) to $4.99 with 300 shares transacted.
Fellow insurer BF&M Ltd traded 19,926 shares but its share price remained unchanged at $15.
The Ascendant Group Ltd also saw 4,500 shares change hands as its share value opened and closed at $14.
Overall the Royal Gazette/Bermuda Stoc Index slipped 0.18 points (0.01 percent) to 1,231.57.
The BSX Insurance Index, however, rose 40 points (4.51 percent) to 927.