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Bermuda Press shares surge 26.8%

Bermuda Press (Holdings) Ltd was the biggest gainer in BSX trading

Shares of Bermuda Press (Holdings) today surged 26.8 per cent on light volume in Bermuda Stock Exchange trading.

The company, which owns The Royal Gazette and which yesterday announced a $1.26 million profit for the year ended September 30, 2016, jumped $1.90 to $9, as 1,000 shares changed hands.

The Bank of Butterfield remained at $32 after 200 shares moved. On the New York Stock Exchange, the bank fell 76 cents, or 2.34 per cent, to $31.65, as its secondary offering was priced at $31.75 per share.

The Royal Gazette/BSX Index closed up 2.47 points, or 0.13 per cent, at 1,958.57.

The BSX Insurance Index ended the day up 8.19 points, or 0.44 per cent, at 1,873.79.