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KeyTech shares tumble 38.5%

Shares of KeyTech tumbled on The Royal Gazette/BSX Index

The Royal Gazette/BSX yesterday closed down 27.32 points, or 2.34 per cent, at 1,158.69.

Shares in telecoms firm KeyTech dropped $1.25, or 38.5 per cent, to $2 after 3,663 shares traded.

Bermuda Press (Holdings) Ltd, the parent company of The Royal Gazette, was down $1.20, or 18.5 per cent, at $5.30 after 110 shares sold.

The Bank of Butterfield’s price fell 2 cents or 0.02 per cent to $1.62 after 1,829 shares moved.

Utilities company Ascendant was unchanged at $4.99 after 726 shares traded.

The BSX Insurance Index ended the day down 10.12 points, or 0.61 per cent, at 1,657.43.