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Argus gains 12% to lead index higher

Mixed week: three stocks gained and three fell on the BSX last week

Three stocks rose and three fell in a mixed trading week on the Bermuda Stock Exchange.

The Royal Gazette/BSX Index gained just over 1 per cent during the five days of trading to close on 1,939.78.

The gains were driven by Butterfield Bank, Argus Group Holdings and LOM Financial, which all advanced.

Butterfield, the week’s most heavily traded stock, climbed 25 cents, or 0.8 per cent, to $31.50 as 11,607 shares traded.

Insurer Argus surged 52 cents, or 12.3 per cent, to $4.75 as 6,800 shares changed hands.

And LOM added 20 cents, or 8.7 per cent to close on $2.50 as 10,000 shares were exchanged.

The gains were offset by dips in the shares of BF&M Ltd, Bermuda Press (Holdings) and West Hamilton Holdings.

Property developer West Hamilton fell 49 cents, or 7.5 per cent — the biggest fall of the week — to $6.01 as 2,600 shares changed hands.

BF&M fell 25 cents, or 1.2 per cent, to $20.50 on the trading of 2,227 shares. And BPHL, which owns The Royal Gazette, as well as commercial printing, retail and real estate interests, fell 25 cents, or 5.4 per cent, to close on $8.51 as 1,931 shares were traded.

Trading volume for the week totalled 40,525 shares, while turnover was $506,067.75.