BSX surges 6.8% – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password

BSX surges 6.8%

The Royal Gazette / Bermuda Stock Exchange (BSX) Index surged nearly seven percent last week, fuelled by a spike in Butterfield Bank shares.

During the five days of trading, the bank recovered strongly from $1.05, its 52-week low, to end the week on $1.20, representing a rise of 14.3 percent. Trading volume in the bank’s common shares was 56,474.

Sixty-five of Butterfield’s preference shares also traded, with the price unchanged on $1,230.

Insurer BF&M Ltd gained ten cents, or 0.7 percent, to $15.10, as 11,600 of its shares changed hands.

Telecommunications group KeyTech Ltd was another to make gains, climbing four cents, or 0.8 percent, to close the week on $5.30, on the trading of 2,700 shares.

The one share to decline last week was that of Ascendant Group Ltd, owner of Belco, which slipped ten cents, or 0.8 percent, to $13.10, as 300 shares changed hands.

The index rose 72.44 points, or 6.79 percent, to end Friday on 1,065.30. Volume topped 71,400 shares, while turnover was a little over $341,700.

You must be Registered or to post comment or to vote.

Published February 20, 2012 at 9:24 am (Updated February 20, 2012 at 9:23 am)

BSX surges 6.8%

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon