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KeyTech shares surge 53% higher

Skyrocketing: KeyTech added $45 million to its market capitalisation in Bermuda Stock Exchange trading

The biggest winner on the Bermuda Stock Exchange today was telecoms firm KeyTech, which rocketed by $1.05, or 53.8 per cent.

The jump came after 500 shares in the company traded — which added about $45 million to its market capitalisation.

The Royal Gazette/BSX Index yesterday closed up 7 points, or 0.6 per cent, at 1,170.20.

A total of 13,893 shares in the Bank of Butterfield moved, leaving its price down 2 cents or 1.2 per cent at $1.62.

Insurance firm BF&M was up 10 cents, or 0.6 per cent, at $17.10 after 602 shares sold.

Bermuda Aviation Services rose 5 cents, or 2.2 per cent, to $2.30 after 200 shares changed hands.

Utilities company Ascendant went up 6 cents, or 1.2 per cent, to $5.05 after the movement of 400 shares.

The BSX Insurance Index ended the day down 3.29 points or 0.20 per cent at 1,675.30.