BSX index plunges 8.3% – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password

BSX index plunges 8.3%

The Royal Gazette/BSX Index fell more than 8 per cent as three stocks suffered sharp falls in Bermuda Stock Exchange trading.

Butterfield Bank suffered the biggest slump, falling $2.70, or 14.2 per cent, to close on $16.30 on the trading of 250 shares. The bank's US-listed shares shot up 19.1 per cent, rebounding from huge falls over the past month. On the New York Stock Exchange, Butterfield gained $2.91 to close on $18.12.

Insurer Argus Group Holdings Ltd plunged 29 cents, or 12.6 per cent, to a new 52-week low of $2.01, as 15,000 shares changed hands.

Telecoms group One Communications Ltd dipped 20 cents, or 5 per cent, to close on $3.80 as 7,500 of its shares were traded.

Insurer BF&M Ltd also saw trading activity, remaining unchanged on $17.50, as 4,600 shares traded.

The Royal Gazette/BSX dropped 129.98 points, or 8.35 per cent, to close on 1,427.32. Trading volume totalled 27,350 shares, while turnover was $144,175.

The BSX Insurance Index surged 89.43 points, or 8.42 per cent, to close on 1,151.83.

You must be Registered or to post comment or to vote.

Published March 24, 2020 at 7:17 pm (Updated March 24, 2020 at 7:17 pm)

BSX index plunges 8.3%

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon