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Banking on BSX

Banking proved to be the busiest sector on The Bermuda Stock Exchange (BSX) last week.Butterfield Bank's preference shares boosted their value by $50 (4.3 percent) to $1,200, with 1,872 shares traded.Meanwhile, the bank's common shares dropped 30 cents (5.6 percent) to $5.10, as 52,020 shares changed hands.

Banking proved to be the busiest sector on The Bermuda Stock Exchange (BSX) last week.

Butterfield Bank's preference shares boosted their value by $50 (4.3 percent) to $1,200, with 1,872 shares traded.

Meanwhile, the bank's common shares dropped 30 cents (5.6 percent) to $5.10, as 52,020 shares changed hands.

LOM (Holdings) Ltd. also transacted 200,000 shares, but its share price held firm at $3.50.

The only other trader was Argus Group Holdings Ltd., which rose $1.45 (10.4 percent) to $15.45, with 3,600 shares traded.

The Index as a whole fell 31.4 points (1.36 percent) to 2,297.53, as 255,620 shares worth $1,015,293 were transacted.

The BSX Insurance Index, meanwhile, was up 19.27 points (2.33 percent) at 805.91.