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.
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