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Argus falls further

Argus Group Holdings Ltd. continued its recent slump, dropping $1 (7.14 percent) to $13 on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.

The insurer traded 200 shares during the day.

Belco Holdings Ltd. also fell 55 cents (2.81 percent) to close down at $19, with 500 shares traded.

The only other movement was Butterfield Bank (20,197 shares), but its share price held firm.

Overall the Index declined 47.92 points (1.09 percent) to 4,363.08, as a total of 21,097 shares worth $305,119.40 changed hands.

The BSX Insurance Index inched up 0.27 percent to finish on 990.65.