Shares of Argus Group Holdings Ltd fell by 44 cents, or 12.6 per cent, to $3.06 after 3,800 traded on The Royal Gazette/BSX Index.

In the banking sector, both Butterfield Bank and HSBC Holdings lost ground. HSBC was down 40 cents, or 4.7 per cent, at $8.10 after 12,426 shares changed hands, while Butterfield was down $1.40, or 3.8 per cent, at $35.10 after 300 shares were exchanged.

In New York, shares of Butterfield were up two cents, or 0.05 per cent, at $37.73.

On the local exchange, BF&M Ltd was down five cents, or 0.3 per cent, at $16.05.

The Royal Gazette/BSX Index was down 72.14 points, or 3.22 per cent, at 2,165, while the BSX Insurance Index was up 6.14 points, or 0.42 per cent, at 1,472.36.

In other news, Ascendant Group Limited repurchased 800 common shares at an average price of $20 on Thursday. The company advised the Bermuda Stock Exchange that the repurchased shares will be cancelled.