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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.

The RG/BSX Index climbed 45.47 points or 2.07 per cent to close at 2,242.35.

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Published July 01, 2022 at 7:58 am (Updated July 01, 2022 at 7:58 am)

BF&M price soars on word of potential sale

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