Butterfield preference shares fall – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

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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.

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Published August 30, 2011 at 10:39 am (Updated August 30, 2011 at 10:39 am)

Butterfield preference shares fall

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