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Ascendant shares plunge nearly 20%

Down day: Ascendant's plunge weighed on The Royal Gazette/BSX Index

Ascendant Group shares fell nearly 20 per cent today, giving back most of the 29 per cent gain they recorded last week.

The parent company of electricity provider Belco fell $1.09, or 19.8 per cent, to $4.41 after 254 shares traded.

The Royal Gazette/BSX Index closed down 11.66 points, or 0.98 per cent, at 1,180.03.

Telecoms company KeyTech closed at $3.65, down 10 cents, or 2.7 per cent, as 1,300 shares changed hands.

And the Bank of Butterfield was unchanged at $1.65 as 88 shares sold.

The BSX Insurance Index ended the day down 37.4 points, or 2.28 per cent, at 1,618.58.