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Butterfield shares slump 15% on BSX

Shares of Butterfield Bank plunged 15.2 per cent in Bermuda Stock Exchange trading.

The bank dived $5 on the trading of 900 shares to close on $28.

Butterfield’s US-listed shares gained nine cents, or 0.29 per cent, to close on $31.29 on the New York Stock Exchange.

Argus Group Holdings Ltd gained four cents, or 1 per cent, to close on $3.96, as 14,600 shares changed hands.

Butterfield’s slump resulted in a fall of 246.38 points, or 11.54 per cent, for The Royal Gazette/BSX Index, which closed on 1,889.02.

The BSX Insurance Index gained 12.05 points, or 0.75 per cent, to close on 1,616.46.

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Published December 10, 2020 at 6:36 pm (Updated December 10, 2020 at 6:35 pm)

Butterfield shares slump 15% on BSX

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