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Bad week for utilities

Three domestic-board stocks fell in Bermuda Stock Exchange trading last week while insurer BF&M Ltd was the sole stock to advance.

BF&M climbed 35 cents, or 2.1 percent, to close the week on $17.

The big utilities had a bad week, with Ascendant Group Ltd falling 45 cents, or 5.6 percent, to $7.55, while KeyTech Ltd shed 29 cents, or 5.4 cents, to close on $5.11.

Butterfield Bank slipped one cent, or 0.5 percent, to $1.98, as more than 680,000 of its shares changed hands.

The Royal Gazette/BSX Index fell 9.79 points, or 0.7 percent, over the five days of trading.

Volume was more than 695,000 shares and turnover was close to $1.8 million.

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Published March 24, 2014 at 9:00 am (Updated March 23, 2014 at 8:04 pm)

Bad week for utilities

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