BSX daily trade report
Butterfield shares surge 5.3%
Butterfield Bank shares surged more than 5 per cent in Bermuda Stock Exchange trading today to lift the local stock market.
The bank gained $2, or 5.3 per cent, to close on a new 52-week high of $40, as 3,400 shares changed hands.
Butterfield’s rise on the BSX allowed it to almost catch up with its New York Stock Exchange-listed shares, which fell 12 cents to $40.23.
Ascendant Group dipped on light volume. The parent company of power utility Belco fell 30 cents, or 3.1 per cent, to close on $9.50 as 800 shares traded.
The Royal Gazette/BSX Index ended the day 87.06 points higher at 2,308.47, a climb of 3.92 per cent on the day.
Volume totalled 4,200 shares and turnover was $143,600.
The BSX Insurance Index also reflected gains, with a climb of 15.12 points, or 0.84 per cent, to close on 1,816.94.
Woman rider’s injuries not life-threatening
Evans accepts new Government job
Driving ban for woman after crash
Eyesore exposes preferential treatment
Oleander buys Suzuki Cycles
Child welfare expert hits out at sentence
Traffic plans announced for triathlon
A clear danger to our communities
Take Our Poll