BSX falls in mixed trading
The Royal Gazette/Bermuda Stock Exchange Index fell 7.289 points last week after a mixed bag of trading ? with two companies gaining and two companies losing over the week.
Bermuda Aviation Services and KeyTech lost seven and four percent, respectively, while Argus and Bermuda Press Holdings each gained around one percent each, in share value.
BAS saw investors buy and sell 2,600 shares over the week while its market value fell 7.31 percent to trading at $12.05 a share.
Telecoms conglomerate KeyTech ? the parent company of BTC, Mobility and Logic Communications, as well as part owner of Bermuda CableVision and QuoVadis ? lost four percent, or 45 cents, on its shares, to close at $12. Over the week, 3,047 KeyTech shares traded.
Argus Insurance shares gained 25 cents, or nearly one percent, on trading of 3,400 shares. And Bermuda Press (Holdings) Ltd. ? the parent company of advanced 1.15 percent, or 15 cents, to $13.25 a share while 1,900 changed hands.
The BSX Index finished the week at 3,630.31 points - ten points off a high of 3,640.89.
Butterfield Bank investors bought and sold 12,193 shares at the unchanged price of $43.50, and LOM (Holdings) Ltd. saw 5,000 shares change hands, at the steady price of $2.90.
A third financial services firm, Bermuda Commercial Bank Ltd. saw its shares hold at $8 on trading of 300 shares.
The Bermuda Insurance Index closed up 9.14 points or 0.84 percent to 1,100.56 as most publicly traded Bermuda-based insurers saw their stocks gain, reversing losses over the last week.