Butterfield dives 20.8% on BSX – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

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Butterfield dives 20.8% on BSX

Shares of Butterfield Bank fell 20.8 per cent in Bermuda Stock Exchange trading.

The $5 plunge on the trading of 500 shares left Butterfield at a 52-week low of $19. It also meant the bank's BSX share price caught up with the decline of Butterfield's US-listed shares.

The bank moved in the opposite direction on Wall Street, gaining 86 per cent, or 4.7 per cent, to close on $19.12 on the New York Stock Exchange.

BF&M Ltd fell 25 cents, or 1.4 per cent, to close on $17.70 as 7,900 shares changed hands.

One Communications Ltd remained unchanged 0n $3.75 as 3,000 shares were traded.

The Royal Gazette/BSX Index fell 226.79 points, or 12.6 per cent, to close on 1,572.56.

Trading volume totalled 11,400 shares and turnover was $160,020.

The BSX Insurance Index surged 61.3 points, or 5.26 per cent, to close on 1,226.93.

Bank boost: Butterfield shares rose for a third successive trading day on the BSX

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Published March 17, 2020 at 7:16 pm (Updated March 17, 2020 at 7:16 pm)

Butterfield dives 20.8% on BSX

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