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BERMUDA | RSS PODCAST

Ascendant shares surge 14.5%

The Royal Gazette/BSX Index was up 21.39 points

Shares of Ascendant Group, the parent company of Belco, improved by $1.90, or 14.5 per cent, to $15 after 28,500 were traded on The Royal Gazette/BSX Index. Since the beginning of the week the company’s share price has improved by 25 per cent. It rose by $1.10 on Monday.

Another improver was BF&M Ltd, which saw its share price rise 40 cents, or 2.4 per cent, to $17 after 500 changed hands.

The Royal Gazette/BSX Index was up 21.39 points, or 0.79 per cent, at 2,744.94.

On the New York Stock Exchange, shares of Butterfield Bank were down 13 cents, or 0.27 per cent, at $48.33.

The BSX Insurance Index was up 66.54 points, or 3.58 per cent, at 1,924.01.