Argus shares hit a new 52-week low of $12.70 yesterday, dropping $0.05 (0.39 percent) after 2,200 shares were traded.

Butterfield Bank fared better, rising $0.05 (0.42 percent) to close at $11.85 after 59,412 shares changed hands.

Overall the Royal Gazette/Bermuda Stock Exchange increased 6.84 points (0.18 percent) to close at 3,811.64.

The Bermuda Insurance Index fell 7.83 percent yesterday, however, closing at 751.66.