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Argus drops back

Argus Group Holdings Ltd. was unable to replicate its good form of last week, dropping 75 cents (0.05 percent) to close at $15.25 on the Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.

The insurance specialists traded 800 shares throughout the day, with Butterfield Bank the only other company to experience any transaction of shares at a total of 1,031, but its share value remained unchanged at $18.55.

The Index as a whole finished down 28.58 points (0.57 percent) at 4,985.19, as 1,831 shares worth $31,298.50 changed hands.

The BSX Insurance Index, meanwhile, crept up 2.56 percent to close on 1,218.99.