BSX index flat for week as four stocks fall
The Royal Gazette/BSX Index closed flat for the week as Butterfield Bank's advance offset falls for four domestic-board companies.
One Communications, the telecommunications group, was both the biggest faller and the most actively traded stock on the Bermuda Stock Exchange last week.
At Friday's close, One was trading at $2.50, down 30 cents, or 10.7 per cent, for the five days of trading as 30,500 shares changed hands.
Both listed insurers also fell. Argus Group Holdings dipped 20 cents, or 4.3 per cent, to $4.50, as 1,000 shares were exchanged. BF&M shed 50 cents, or 2.3 per cent, to $21 as 5,855 shares were traded.
Bermuda Press (Holdings), which owns this newspaper as well as commercial printing, real estate and retail interests, dropped 1 cent, or 0.1 per cent, to close the week on $8.50 on the trading of 1,300 shares.
Butterfield was the sole stock to gain last week, climbing 25 cents, or 0.8 per cent, to close the week on $33.50, as 8,138 shares changed hands. The bank's New York Stock Exchange-listed shares closed the week on $33.36.
The index fell 0.72 of a point during the week to close on 2,041.35. Trading volume topped 49,000 shares while turnover was more than $511,000.