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One gains, Argus falls on BSX

A total of 20,000 LOM Financial Ltd shares changed hands on the BSX

Shares of Argus Group Holdings Ltd fell 1.3 per cent in Bermuda Stock Exchange trading.

The insurer dipped four cents to close on $3.01 on the trading of 8,050 shares.

The most actively traded stock was One Communications Ltd, which gained three cents, or 0.8 per cent, to close on $3.58, as 25,000 shares changed hands.

LOM Financial Ltd also saw significant trade with 20,000 shares being traded as the price remained unchanged on $2.75.

Ascendant Group Ltd, which announced on Monday that it had agreed a $36-per-share takeover offer from Algonquin Power & Utilities Corporation, a deal that is subject to shareholder, regulatory and government approvals, has not traded on the BSX since. The Belco owner last traded on $22 on Friday.

The Royal Gazette/BSX Index fell 0.39 of a point to close on 2,175.86.

BSX trading volume totalled 53,050 shares. Turnover was $168,090.

The BSX Insurance Index gained 22.72 points, or 1.4 per cent, to close on 1,631.19.