Argus shares drop 5%
Created: Oct 04, 2008 11:00 AM
Butterfield Bank was heavily traded again yesterday on the Royal Gazette/Bermuda Stock Exchange, with 60,670 shares changing hands, but closed unchanged on the day after hitting a new 52-week low of $12 on Thursday.
The BSX closed at 3.852.51, falling 34.66 points (0.89 percent).
Both Bermuda Aviation Services and Argus Group Holdings took hits. Bermuda Aviation shares fell 15 percent ($0.90) to close at $5.10 after 3,000 shares were traded while Argus dropped 5.1 percent ($0.70) closing at $13 after 3,100 shares moved.
Each company's stock price also hit a new 52-week low.
The Bermuda Insurance Index closed up 1.19 at 920.39.