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Ascendant shares slide 9.1%

Ascendant Group shares tumbled in Bermuda Stock Exchange trading

Utility Ascendant Group fell 9.1 per cent in Bermuda Stock Exchange trading today.

The company, which owns electricity provider Belco slipped 45 cents to $4.50 as 3,000 shares traded.

The Royal Gazette/BSX Index closed down 4.34 points, or 0.37 per cent, at 1,181.70.

The Bank of Butterfield was static at $1.64 after 6,512 shares moved.

And insurance firm BF&M was also unchanged at $17 after 1,980 shares changed hands.

The BSX Insurance Index ended the day up 0.01 points at 1,655.32.