BCB gains 8.6% – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

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BCB gains 8.6%

Two stocks advanced and three fell in Bermuda Stock Exchange trading last week.

The five days of trading left The Royal Gazette/ BSX Index virtually unchanged, climbing 2.78 points, or 0.22 percent, to close the week on 1,234.53.

Bermuda Commercial Bank make the biggest move, gaining 95 cents, or 8.6 percent, to $11.95, in the week it announced the agreement of a merger deal with Paragon Trust and Charter Corporate Services. The big move came on light volume, as 100 BCB shares traded.

The most heavily traded stock was Butterfield Bank, which saw 177,785 of its common shares change hands, as the price remained unchanged on $1.50. Eighty of the bank’s preference shares also traded, as the price fell $15, or 1.2 percent, to close on $1,235.

Both listed domestic insurance companies saw their shares fall. BF&M Ltd fell 25 cents, or 1.7 percent, to $14.75, as 20,425 shares changed hands. Argus Group Holdings Ltd fell one cent, or 0.2 percent, to $4.99, as 300 shares traded.

Bermuda Press (Holdings) Ltd, owner of this newspaper as well as printing, real estate and retail businesses, gained one cent, or 0.1 percent, to close on $11.01, as 572 shares changed hands.

The second most actively traded stock was Ascendant Group Ltd, owner of Belco, which remained unchanged on $14 as 21,922 shares traded.

Volume for the five days topped 221,000 shares, while turnover was just shy of $983,000.

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Published September 06, 2011 at 10:04 am (Updated September 06, 2011 at 10:04 am)

BCB gains 8.6%

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