Log In

Reset Password

Ascendant shares worth $234,000 trade on BSX

Ascendant Group Ltd was the lone stock to trade on the Bermuda Stock Exchange.

The owner of electricity utility Belco remained unchanged on $20 as 11,700 shares changed hands.

The trading of the $234,000 worth of shares came on the day that Ascendant announced core earnings of $18.3 million for 2018, down 10 per cent from the previous year.

The company also revealed that it had bought $10.69 million buying back more than 650,000 of its own shares last year.

Also yesterday, Ascendant announced it had spent another $576,700 to repurchase a total of 28,835 shares in three transactions on March 4, 6 and 7, at $20 per share.

The Royal Gazette/BSX Index closed unchanged at 2,360.83.

The BSX Insurance Index fell 4.42 points, or 0.3 per cent, to close on 1,432.33.

Ascendant was the only stock to trade on the BSX

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

Published March 08, 2019 at 6:13 pm (Updated March 08, 2019 at 6:13 pm)

Ascendant shares worth $234,000 trade on BSX

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