Shares of Ascendant Group Ltd and Butterfield Bank rose in Bermuda Stock Exchange trading.

Ascendant, which owns power utility Belco, gained 5 cents, or 0.3 per cent, to close on $15.85, as 10,000 shares traded.

Butterfield climbed 50 cents, or 1.1 per cent, to reach $47.50 on the trading of 1,944 shares. The bank’s US-listed shares rose 84 cents, or 1.8 per cent, to close at $48.34 in New York.

Insurers Argus Group Holdings Ltd and BF&M Ltd both lost ground.

Argus fell 9 cents, or 2.3 per cent, to close on $3.90 as 10,000 shares changed hands, while BF&M dipped 79 cents, or 4.4 per cent, to $17.21 on the trading of 400 shares.

The Royal Gazette/BSX Index rose 15.12 points, or 0.56 per cent, to end the day at 2,723.61.