Butterfield slips back – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password

Butterfield slips back

Bank of Butterfield shares today dropped 75 cents to $23.50 in Bermuda Stock Exchange trading.

The fall, equivalent to 3.2 per cent, came after 125,546 shares changed hands and came after a 25 per gain last Friday as the bank enjoyed a successful IPO on the New York Stock Exchange.

In the second day of trading on the NYSE, Butterfield's shares closed down 25 cents, or 1 per cent, at $24.50.

Utilities firm Ascendant gained 20 cents, or 3.3 per cent, to $6.20 after 4,000 shares sold.

Telecoms firm KeyTech was unchanged at $3 after 8,000 shares moved.

Insurance group Argus was unchanged at $4.05 as 7,000 shares traded.

And Somers Ltd was also unchanged at $13.75 after 1,600 shares changed hands.

The Royal Gazette/BSX Index closed down 31.80 points, or 2.02 per cent, at 1,542.77, as trading turnover topped $3 million.

The BSX Insurance Index ended the day up 0.10 points, or 0.01 per cent, at 1,657.91.

Pullback: The Royal Gazette/BSX Index fell 2 per cent as Butterfield slumped

You must be Registered or to post comment or to vote.

Published September 19, 2016 at 8:49 pm (Updated September 19, 2016 at 8:49 pm)

Butterfield slips back

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon