Shares of One Communications Ltd climbed to a new 52-week high in Bermuda Stock Exchange trading on substantial volume.

The telecoms group surged 20 cents, or 6.8 per cent, to close on $3.15 as 21,300 shares changed hands.

Ascendant Group Ltd, parent company of power utility Belco, also traded, remaining unchanged on $16.30 as 1,928 shares were exchanged.

The Royal Gazette/BSX Index gained 2.75 points, or 0.1 per cent, to close the day on 2,870.96.

The BSX Insurance Index fell 2.15 points, or 0.13 per cent, to close on 1,709.56.