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Ascendant shares slide 2.8%

Shares of Ascendant Group Ltd fell to a new 52-week low in Bermuda Stock Exchange trading today.

The company, which owns electricity provider Belco, fell 15 cents, or 2.8 per cent, to close on $5.25, as 5,000 shares changed hands.

Over the past ten years the company's shares have fallen more than 87 per cent. In mid-December 2004, they were trading at $42, according to BSX figures.

Butterfield Bank and KeyTech Ltd also traded, but their share prices held steady.

The Royal Gazette/BSX Index fell 1.3 points, or 0.1 per cent, to close the day 1,362.02.

The BSX Insurance Index took a tumble, falling 16.46 points, or 1.09 per cent, to close on 1,490.77.

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Published December 15, 2014 at 5:45 pm (Updated December 15, 2014 at 5:45 pm)

Ascendant shares slide 2.8%

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