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Argus shares drop 5%

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.