Butterfield shares split, trade at $21
Butterfield Bank was the only company to experience any change on the Bermuda Stock Exchange Index (BSX) yesterday.
The bank, who had announced a three-for-one stock split previously, began trading on a split-adjusted basis with the share price reflecting the pending three-fold increase in the number of common shares in issue.
Their shares closed at $21, up eight cents (0.4 percent), with 9,800 shares traded, but for shareholders the daily change in value is triple the closing price - $63, up 25 cents from Tuesday's closing price of $62.75.
The only other company to see any activity was Belco Holdings with 114 shares changing hands.
Overall the Index was up, finishing up 13.31 points (0.20 percent) on 5,291.98, with 9,914 shares traded and a turnover of $208,161.
The BSX Insurance Index suffered a drop of 0.41 percent to close at 1,160.13.