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KeyTech shares drop 38.5%

KeyTech shares dropped the most last week on The Royal Gazette/BSX Index

The Royal Gazette/BSX Index ended the week down 23.01 points, or 1.98 per cent, at 1,158.69.

There were four declines and one advance. The biggest loser was telecoms firm KeyTech, which dropped $1.25, or 38.5 per cent, with a total of 6,126 shares traded.

Bermuda Press (Holdings) Ltd, the parent of The Royal Gazette, fell $1.20, or 18.5 per cent, during the week, with 5,395 shares exchanged.

The Bank of Butterfield saw 44,537 shares move, with its price dropping two cents, or 1.2 per cent, to $1.62.

Utilities firm Ascendant was up 49 cents, or 10.9 per cent, at $4.99, with 6,126 shares sold over the week.

Watlington Water dropped one cent to $20.27 with 2,800 shares moving.

The BSX Insurance Index ended the week up 12.36 points, or 0.75 per cent, at 1,669.79.