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Argus and Polaris shares fall on BSX

Argus Group Holdings shares fell 9.7 per cent in Bermuda Stock Exchange trading.

The insurer shed 35 cents to fall to $3.25 as 22,685 shares changed hands.

Polaris Holding Company, parent company of Hamilton docks operator Stevedoring Services, fell 50 cents, or 7.1 per cent, to close on $6.50 as 14,000 of its shares traded.

For Polaris, it was a matter of giving back some of the gains achieved in trading earlier in the week, when the stock leapt $2, or 40 per cent.

One Communications Ltd was the only stock to climb on the BSX. The telecoms group added one cent, or 0.3 per cent, to close on a new 52-week high of $3.47 as 10,000 of its shares changed hands.

The Royal Gazette/BSX Index fell 7.45 points, or 0.34 per cent, to close on 2,190.8.

BSX trading volume totalled 46,685 shares and turnover was $199,424.85.

The BSX Insurance Index fell 5.61 points, or 0.38 per cent, to close on 1,467.32.

Meanwhile Butterfield Bank revealed that it had spent $13.43 million on repurchasing 360,000 of its own shares at an average price of $37.31 during the month of March.

On the New York Stock Exchange, Butterfield's US-listed shares fell two cents to close on $36.43.

One Communications Ltd was the only stock to gain ground on the Bermuda Stock Exchange

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Published April 05, 2019 at 9:00 am (Updated April 05, 2019 at 9:01 am)

Argus and Polaris shares fall on BSX

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