Butterfield shares slide 8.3% on BSX – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

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Butterfield shares slide 8.3% on BSX

Shares of Butterfield Bank slid 8.3 per cent in Bermuda Stock Exchange trading.

The bank shed $3 on the trading of 5,000 shares to close on $33.

Butterfield's US-listed shares moved in the opposite direction, climbing 53 cents, or 1.6 per cent, to close on $33.85.

BF&M Ltd also fell, dipping 25 cents, or 1.6 per cent, to close on $15.80, a new 52-week low for the insurer.

Ascendant Group Ltd remained on $20, as 4,610 shares traded.

One Communications Ltd shares surged 15.3 per cent on low volume, as the telecommunications group added 46 cents to close on a new 52-week high of $3.46, as 110 shares changed hands.

Debt issued by the Government of Bermuda also traded, with 80 of 4.75 per cent bonds changed hands $90 apiece, translating into a yield of nearly 5.3 per cent.

The Royal Gazette/BSX Index fell 130.52 points, or 5.92 per cent, to close on 2,074.96.

BSX trading volume totalled 12,270 shares and turnover totalled $297,880.

Shares of Butterfield Bank and BF&M fell, while One Communications gained on the BSX

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Published March 26, 2019 at 9:00 am (Updated March 26, 2019 at 9:11 am)

Butterfield shares slide 8.3% on BSX

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