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

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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

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

Bank stocks rise

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