Heavy trade in Watlington leads BSX higher
Heavy trading in shares of Watlington Waterworks was the highlight of the week in Bermuda Stock Exchange trading.
Some 75,000 shares valued at more than $2 million changed hands in a stock that traditionally sees light trading.
Watlington gained $7, or 34.1 per cent, on the activity, which boosted its market capitalisation to $29.2 million.
The other gainer last week was Butterfield Bank, which climbed 50 cents, or 1.6 per cent, to close the week on $32, as 10,600 shares changed hands.
Argus Group Holdings was the only stock to fall, dipping 5 cents, or 1.1 per cent, to end the week on $4.70, as 15,200 of the insurer’s shares were traded.
Nine thousand shares in One Communications were also exchanged, leaving the telecoms group unchanged on $2.60.
The Royal Gazette/BSX Index gained 28.43 points, or 1.44 per cent, during the week to close on 1,968.21. Trading volume was 109,800 shares, while turnover topped $2.49 million.