BSX daily trade report
Butterfield edges higher on BSX
Shares of Butterfield Bank rose in Bermuda Stock Exchange trading.
The bank gained 25 cents, or 0.5 per cent, to close on $52.25 as 1,119 shares changed hands. In New York, the bank’s US-listed shares fell 55 cents, or 1.04 per cent, to close on $52.20.
Ascendant Group Ltd remained on $17 as 761 shares traded, while One Communications stayed on $3, on the trading of 61 shares.
The Royal Gazette/BSX Index gained 11.24 points, or 0.38 per cent, to close on 2,935.06. Trading volume was 1,886 shares and turnover totalled $70,652.75.
The BSX Insurance Index plunged 48.14 points, or 3 per cent, to close on 1,558.65, as nervousness about the impact of Hurricane Michael impacted the markets amid a broad-based stock rout.
In a regulatory filing with the BSX, Somers Ltd, the financial-services investment holding company that owns Bermuda Commercial Bank, said it bought back 1,500 of its own common shares at an average cost of $16.25 per share during September. These shares have been cancelled.
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