LOM shares surge 10% on BSX

  • More than $1.1 million worth of Butterfield shares changed hands on Thursday on the BSX

    More than $1.1 million worth of Butterfield shares changed hands on Thursday on the BSX

Shares of LOM Financial Ltd gained 10 per cent in Bermuda Stock Exchange trading on Thursday, while more than $1.1 million worth of Butterfield Bank shares also changed hands.

The BSX was closed yesterday for the Good Friday holiday.

LOM, the investment firm, gained 25 cents to close on $2.75 as 15,000 shares changed hands.

A total of 30,000 Butterfield Bank shares traded. The bank’s share price was unchanged on $36.75.

On the New York Stock Exchange, Butterfield’s US-listed shares closed on Thursday at $36.90, after falling 46 cents, or 1.23 per cent, on the day.

The Royal Gazette/BSX Index gained 1.54 points, or 0.07 per cent, to close on 2,233.13. BSX trading volume totalled 45,000 shares and turnover topped $1.14 million.

For the holiday-shortened trading week, the index gained 1.75 per cent, driven by gains for four stocks, Butterfield, BF&M, Ascendant Group and LOM, while no stocks fell.

On Thursday, the BSX Insurance Index added 7.02 points, or 0.47 per cent, to close on 1,502.77.

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Published Apr 19, 2019 at 6:35 pm (Updated Apr 19, 2019 at 6:35 pm)

LOM shares surge 10% on BSX

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