Bank stocks rise – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password
BERMUDA | RSS PODCAST

Bank stocks rise

Shares valued at more than $1 million were traded on The Royal Gazette/BSX Index last week.

Bank stocks fared best, with HSBC Holdings improving by 20 cents, or 2.38 per cent, to $8.60 after 7,357 traded.

Butterfield Bank shares also rose, going up 60 cents, or 1.9 per cent, to $32.70 after 27,054 were exchanged. On the New York Stock Exchange the bank's shares ended the week at $33.01.

The only other stock to move on the local exchange during last week was Ascendant Group, which was down 10 cents, or 1.4 per cent, at $7.15 after 5,900 traded.

The Royal Gazette/BSX Index closed at 1,988.17, 26.02 points up, or 1.3 per cent.

The BSX Insurance Index closed the week at 1,852.83, up 1.99 points, or 0.11 per cent.

Butterfield Bank and HSBC Holdings both improved on The Royal Gazette/BSX Index last week

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

Published February 20, 2017 at 8:00 am (Updated February 19, 2017 at 9:58 pm)

Bank stocks rise

What you
Need to
Know
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