BF&M price soars on word of potential sale
Created: Jul 01, 2022 07:58 AM
Market reaction to news that BF&M may be sold has sent the share price soaring, up $4.95 (27.4 per cent) on the Bermuda Stock Exchange, closing Thursday at $23 after trading of 11,173 shares.
The only other movement on the exchange for the day was Argus Group Holdings Ltd, up a penny (0.2 per cent) to $6.31 on a volume of 1,800.
The net effect was to drive the RG/BSX Index 45.47 (2.07 per cent) higher to close at 2,242.35.
On the New York Stock Exchange, The Bank of N.T. Butterfield & Son Limited finished at $31.19, down 11 cents (0.35 per cent) at the close of day.
The RG/BSX Index climbed 45.47 points or 2.07 per cent to close at 2,242.35.
Royal Gazette has implemented platform upgrades, requiring users to utilize their Royal Gazette Account Login to comment on Disqus for enhanced security. To create an account, click here.
You must be Registered or to post comment or to vote.
Published July 01, 2022 at 7:58 am (Updated July 01, 2022 at 7:58 am)
BF&M price soars on word of potential sale
Users agree to adhere to our Online User Conduct for commenting and user who violate the Terms of Service will be banned.
