Butterfield and BF&M shares fall – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

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Butterfield and BF&M shares fall

Falls in the share prices of Butterfield Bank and BF&M Ltd sent The Royal Gazette/BSX Index 1.24 per cent lower in last week's trading.

Butterfield has had a strong rally since its New York Stock Exchange initial public offering at a target price of $23.50 last September. It paused for breath over the past week and closed on Friday at $32, down 50 cents, or 1.5 per cent over the five days of trading.

Insurer BF&M Ltd, which has also has also had a good run of late, gaining more than 22 per cent over the past 12 months, fell 25 cents, or 1.2 per cent last week to close on $20.75.

Other shares to trade last week were KeyTech Ltd and Watlington Waterworks, both of which ended the week unchanged.

The Royal Gazette/BSX Index fell 24.4 points to close on 1,962.15.

Trading volume for the five days was 13,555 shares and turnover was $348,414.80.

The Royal Gazette/BSX Index fell 1.2 per cent last week on falls in the share prices of Butterfield and BF&M

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Published February 13, 2017 at 8:00 am (Updated February 12, 2017 at 7:25 pm)

Butterfield and BF&M shares fall

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