Ascendant Group shares rose by more than 29 per cent to lead The Royal Gazette/BSX Index higher last week.

The parent company of electricity company Belco soared by $1.25 to close the week at a new 52-week high of $5.50 as 15,300 shares traded.

The index rose 29.34 points, or 2.42 per cent during the five days of trading, to close on Friday at 1,209.35. Trading volume was 96,403, while turnover totalled $389,325.

Butterfield Bank and BF&M also contributed to the gains.

Butterfield climbed four cents, or 2.4 per cent, to $1.69 on the trading of 54,353 shares. There was also a significant fall in the price of Butterfield’s 8 per cent preference shares, which closed on $1,000.01, down $101.99, or 9.3 per cent, as 50 shares traded.

Insurer BF&M gained 25 cents, or 1.5 per cent, to close on $17.25 as 5,000 of its shares were exchanged.

KeyTech shares fell, shedding 15 cents, or 3.8 per cent, to close on $3.75, on the trading of 1,700 shares.