Shares of Butterfield Bank climbed and BF&M fell in Bermuda Stock Exchange trading.

Butterfield gained 25 cents, or 0.5 per cent, to close on $51.25 as 206 shares changed hands.

Insurer BF&M fell 26 cents, or 1.6 per cent, to close on a 52-week low of $16.50 as 11,000 of its shares were traded.

The Royal Gazette/BSX Index gained 9.25 points, or 0.32 per cent, to close on 2,885.1. Trading volume was 11,206 shares, while turnover topped $193,000.

The BSX Insurance Index added 10.86 points, or 0.68 per cent, to close on 1,603.64.

Ascendant Group Ltd, owner of power utility Belco, said it bought back 170,782 of its own common shares at an average price of $16.36 — a total value of about $2.79 million — during the month of September.

In a filing with the BSX, the company said the repurchased shares had been reserved for issuance.