Argus shares pull back 4.3% on BSX
Shares of Argus Group Holdings fell 4.3 per cent in Bermuda Stock Exchange trading.
The insurer fell 18 cents to close on $4 as 3,000 shares changed hands. The move came after Argus rocketed 26 per cent in Wednesday’s trading.
Argus was the only stock to trade on Friday, as The Royal Gazette/BSX Index fell 3.96 points, or 0.18 per cent, to close on 2,233.34.
For the week, the index gained 2.2 per cent, helped by the 20.8 per cent spike in the share price of Argus over the five days.
Butterfield Bank’s US-listed shares tumbled $1.03, or 2.93 per cent, to close on $34.16. The bank last traded on the BSX at $34.75.
The BSX Insurance Index fell 17.59 points, or 1.08 per cent to close on 1,613.6.