Bermuda Stock Exchange

Butterfield falls on BSX, gains on NYSE

  • Butterfield Bank: shares fell 1.5 per cent on the BSX

Butterfield Bank shares moved in opposite directions in Hamilton and New York today.

In Bermuda Stock Exchange trading, the bank closed down 50 cents, or 1.5 per cent, to $32 as 1,500 shares changed hands.

But the bank’s New York Stock Exchange-listed shares had a markedly better day, climbing 95 cents, or 3 per cent, to close the day on $32.71.

Butterfield was the only stock to trade as The Royal Gazette/BSX Index fell 22.49 points, or 1.1 per cent, to 1,960.3.

The BSX Insurance Index gained 64.25 points, or 3.6 per cent, to close on 1,863.92, as reinsurers mounted a relief rally on news on reduced insured loss estimates related to Hurricane Irma.