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Belco bounces back

Belco Holdings Ltd. bounced back from its recent slump on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.

The utilities company saw its share price rise 65 cents (3.31 percent) to $20.25, with 5,100 shares traded.

Butterfield Bank also increased its share value by five cents (0.34 percent) to $14.60, as 5,739 shares changed hands.

Argus Group Holdings Ltd. continued its decline, dropping 10 cents (0.68 percent) to $14.50, with 10,100 shares traded.

A total of 20,939 shares totalling $335,674.40 were transacted on the Index, with the overall figure going up 16.83 points (0.38 percent) to 4,461.49.

The BSX Insurance Index also closed up 1.24 percent at 973.55.