Butterfield shares slide 1.4%

  • Bank boost: Butterfield shares rose for a third successive trading day on the BSX

    Bank boost: Butterfield shares rose for a third successive trading day on the BSX

Shares of Butterfield Bank dipped 1.4 per cent in Bermuda Stock Exchange trading.

The bank fell 75 cents to close on $51.50 on the trading of 1,470 shares. Butterfield’s US-listed shares gained 46 cents, or 0.9 per cent, to close on $51.36 in New York.

Ascendant Group, parent company of power utility Belco, was the most actively traded stock. Ascendant was unchanged on $17 as 4,233 shares changed hands.

Somers Ltd, the financial-services holding company that owns Bermuda Commercial Bank, closed unchanged on $16, as 244 shares traded.

The Royal Gazette/BSX Index fell 33.73 points, or 1.15 per cent, to close on 2,901.33.

Trading volume was 5,937 shares, while turnover totalled $151,165.23.

The BSX Insurance Index fell 5.64 points, or 0.38 per cent, to close on 1,493.91.

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Published Oct 15, 2018 at 6:02 pm (Updated Oct 15, 2018 at 6:36 pm)

Butterfield shares slide 1.4%

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