Insurance firm BF&M dropped 10 cents, or 0.6 per cent, on the The Royal Gazette/BSX Index.

In the sole trading of the day, 9,900 shares worth $168,710 changed hands, lowering the stock price to $17.

Last month BF&M bought nearly 6,000 of its own shares as part of its buyback scheme. It repurchased 5,972 shares at an average price of $17 during May.

The Royal Gazette/BSX closed down 0.77 points, or 0.07 per cent, at 1,175.83.

The BSX Insurance Index ended the day down 7.14 points, or 0.43 per cent, at 1,663.76.