BF&M price soars on word of potential sale
Market reaction to news that BF&M may be sold has sent the share price soaring, up $4.95 (27.4 per cent) on the Bermuda Stock Exchange, closing Thursday at $23 after trading of 11,173 shares.
The only other movement on the exchange for the day was Argus Group Holdings Ltd, up a penny (0.2 per cent) to $6.31 on a volume of 1,800.
The net effect was to drive the RG/BSX Index 45.47 (2.07 per cent) higher to close at 2,242.35.
On the New York Stock Exchange, The Bank of N.T. Butterfield & Son Limited finished at $31.19, down 11 cents (0.35 per cent) at the close of day.