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

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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.

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

Argus shares rocket 37%

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