Ascendant shares hit three-year high
Updated: Apr 24, 2017 11:51 PM
On the up: Ascendant, owner of Belco, surged to its highest share price since March 2014
Shares of Ascendant Group today surged to a three-year high in Bermuda Stock Exchange trading.
The firm, which owns power utility Belco, jumped 51 cents to $8.50 on high volume.
The 6.4 per cent increase came as 192,700 shares changed hands.
Insurance company BF&M was unchanged at $20.50 after 145 shares sold.
Butterfield Bank, at $31, did not trade in Bermuda. But on the New York Stock Exchange, Butterfield rose 36 cents, or 1.13 per cent, to $32.12.
The Royal Gazette/BSX Index closed up 4.9 points, or 0.25 per cent, at 1,934.94.
The BSX Insurance Index ended the day up 16.12 points, or 0.88 per cent, at 1,857.08.
