Argus shares rocket 37% – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password

Argus shares rocket 37%

Shares of Argus Group Holdings rocketed 37 per cent in Bermuda Stock Exchange trading.

The insurer gained $1.08 to close on $4 as 21,000 shares changed hands.

Despite Argus’s big move, The Royal Gazette/BSX Index fell 102.36 points, or 5.19 per cent, to close on 1,871.29. For the week, the index declined 5.27 per cent.

The main driver was a 10 per cent fall in the share price of Butterfield Bank, the index’s largest component. Butterfield fell $2.79 to close on $25.21 as 532 shares traded.

Butterfield’s US-listed shares moved in the other direction, climbing 49 cents, or 1.89 per cent, to close on $26.46.

BF&M gained 20 cents, or 1.1 per cent, to close on $18.70 on the trading of 3,000 shares.

The only other domestic-board stock to trade was Somers Ltd, the financial-services investment company, which remained unchanged on $14 as 100 shares changed hands.

You must be registered or signed-in to post comment or to vote.

Published October 30, 2020 at 10:46 pm (Updated October 30, 2020 at 10:46 pm)

Argus shares rocket 37%

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