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Argus shares fall by $1

The Royal Gazette/Bermuda Stock Exchange closed down 25.93 points yesterday with West Hamilton Holdings and Argus Group each registering 9.09 percent drops.

Argus shares fell $1 to close at $10 after 12,300 were traded. West Hamilton Holdings share fell $1.20 after 5,000 changed hands to close at $12. Both companies hit new 52-week lows.

Faring better was Bermuda Aviation Services which gained 16.66 percent ($0.75) to close at $5.25 after 10,000 shares moved.

BF&M also saw a slight gain after 200 shares traded. It closed at $17.25, up $0.25 or 1.47 percent.

The BSX closed at 3,638.70 for the day.

The Bermuda Insurance Index closed at 873.50 after a 0.44 percent drop.