Index ekes out gain
Shares of telecommunications firm KeyTech Ltd fell 15 per cent in Bermuda Stock Exchange trading last week.
However, The Royal Gazette/BSX Index still managed to eke out a gain, thanks to a 1.2 per cent gain for Butterfield Bank stock.
US firm Atlantic Tele-Network last month completed the deal which gave it a controlling interest in KeyTech and trading of the company's have been very volatile since.
KeyTech fell 45 cents to close the week on $2.55 as 1,922 of its shares traded.
Butterfield climbed two cents, or 1.2 per cent, to close on $1.64 as 41,757 of its shares changed hands.
Insurer BF&M Ltd was the only other stock to trade, falling ten cents, or 0.6 per cent, to close the week on $17 on the trading of 9,900 shares.
The index added 2.05 points, or 0.17 per cent, to close on 1,178.65. Trading volume totalled 53,579 shares for the week, while turnover was $241,261.44.