BSX Index slides 3.1% as three stocks drop – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password

BSX Index slides 3.1% as three stocks drop

The Royal Gazette/BSX Index slid more than 3 per cent yesterday, as shares of Butterfield Bank, Argus Group and Ascendant Group all closed lower.

Argus suffered the biggest fall, tumbling 25 cents, or 6.7 per cent, to close on $3.50 as 7,000 shares changed hands.

Butterfield fell $1.50, or 3.6 per cent on light volume, with 300 shares trading, to close on $39.75. The bank's US-listed shares moved in the opposite direction, climbing $1.02, or 2.57 per cent, to close on $40.74.

Ascendant was the most heavily traded stock, with 15,100 shares exchanged. The owner of power utility Belco fell 50 cents, or 2.4 per cent, to close the day on $20.

The index slumped 77.28 points, or 3.14 per cent, to close on 2,382.71. Trading volume was 22,400 shares while turnover was $338,475.

Twelve shares of the Bermuda Government's 4.75 per cent bonds also traded, with the price falling 50 cents, or 0.5 per cent, to close on $97.50.

The BSX Insurance Index gained 7.51 points, or 0.49 per cent, to close on 1,525.4.

Shares of Butterfield, Ascendant and Argus Group all fell on the BSX

You must be Registered or to post comment or to vote.

Published March 01, 2019 at 8:00 am (Updated March 01, 2019 at 8:14 am)

BSX Index slides 3.1% as three stocks drop

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon