There were mixed fortunes in Bermuda Stock Exchange trading last week as three stocks fell, but two others rose by double-digit percentages. The heaviest trading activity was in shares of Argus Group Holdings Ltd, which fell 20 cents, or 4.2 per cent, to close on $4.55, as 232,000 shares changed hands.
Fellow insurer BF&M Ltd also fell 25 cents, or 1.2 per cent to close at $20.50, as 36,676 of its shares were traded.
In the week that Butterfield Bank launched a secondary offering of 9.5 million shares on the New York Stock Exchange priced at $31.75, the bank’s shares on the BSX were thinly traded. Butterfield closed at $32, down 60 cents, or 1.8 per cent, as 1,601 shares were exchanged.
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