Log In

Reset Password

BSX up 9.5% as Butterfield surges

Butterfield Bank had a spectacular week in Bermuda Stock Exchange trading, surging more than 17 percent.

The bank's shares closed the week at $1.99, up 29 cents for the five days of trading, after it announced a special dividend and a tripling of annual profits on Tuesday. A total of 225,948 of the bank's shares changed hands.

The bank's rally was the major factor in The Royal Gazette / BSX Index having its best week in a long time, rising 134.92 points, or 9.5 percent, to close on 1,419.4 on Friday.

BF&M Ltd also had a strong week, gaining 60 cents, or 3.6 percent, to close on $17.25, as 1,000 shares changed hands.

Rival insurer Argus Group Holdings Ltd moved in the opposite direction, falling 34 cents, or 7.8 percent, to close on $4.01.

Butterfield Bank's eight percent preference shares also traded, with 240 shares changing hands at a price of $1,200.

Just over 251,000 shares traded during the five days and turnover was just shy of $950,000.

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

Published March 03, 2014 at 8:00 am (Updated March 02, 2014 at 7:59 pm)

BSX up 9.5% as Butterfield surges

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