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Ascendant shares falls 10% on BSX

Butterfield shares rose as Ascendant fell on the BSX

Shares of Ascendant Group Ltd fell 10 per cent in Bermuda Stock Exchange trading.

The owner of power utility Belco dipped $1 to close on $9 as 16,494 shares changed hands.

Butterfield Bank shares gained 25 cents, or 0.6 per cent, to close on $44.75 as 750 shares traded. The BSX price was just a cent higher than Butterfield’s New York Stock Exchange-listed shares, which gained 24 cents, or 0.5 per cent.

The Royal Gazette/BSX Index closed on 2,503.5, up 1.6 points. Trading volume was 17,246 shares, while turnover totalled $18,841.08.

The BSX Insurance Index fell 4.75 points, or 0.25 per cent, to close on 1,879.46.