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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.

Flat week: Butterfield was the most heavily traded stock on the BSX last week

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Published June 13, 2016 at 9:00 am (Updated June 12, 2016 at 8:55 pm)

Index ekes out gain

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