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Ascendant shares fall 9% on BSX

Shares of Ascendant Group Ltd fell 9.1 per cent in Bermuda Stock Exchange trading.

The parent company of power utility Belco fell $2 to close on $20 as 1,087 shares traded.

Ascendant announced this week that it has suspended its share repurchase programme after it invited a group of interest parties to make takeover offers for the company.

Polaris Holding Company, owner of Hamilton docks operator Stevedoring Services, remained unchanged on $7 as 1,500 shares changed hands, consolidating its 40 per cent jump in Tuesday's trading.

Butterfield Bank was unchanged on $35.50 as 150 shares were traded. The bank's US-listed shares gained 66 cents, or 1.84 per cent, to close on $36.45 on the New York Stock Exchange.

The Royal Gazette/BSX Index fell 19.29 points, or 0.87 per cent, to close on 2,198.24.

BSX trading volume was 2,737 shares and turnover totalled $37,565.

The BSX Insurance Index fell 9.92 points, or 0.67 per cent, to close on 1,472.93.

Ascendant Group, Butterfield Bank and Polaris traded on the BSX

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Published April 03, 2019 at 6:56 pm (Updated April 03, 2019 at 6:56 pm)

Ascendant shares fall 9% on BSX

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