Local stocks lose ground
trading yesterday.
Bank of Bermuda closed up 25 cents at $19.50 on volume of 1,780 while Bank of Bermuda warrants closed down 25 cents to $2.25 on volume of 493.
Bank of Butterfield dropped 25 cents to $12.75 on volume of 2,219.
Bermuda Home 8% preferred closed down 12.5 cents at $11.875 on volume of 265.
BF&M 9% preferred closed unchanged at $9.75 on volume of 1,439.
Share volume for the day was 6,196 shares worth $81,481.
Due to an error by the Bermuda Stock Exchange, it was incorrectly reported on Saturday that Watlington Waterworks closed down $6.25 to $4.75 on Thursday.
In fact the stock gained in value to $4.75 because of a 2.4:1 stock split which occurred after the stock last traded in June.
When the split is taken into account, Watlington's shares closed up 17 cents from $4.58 to $4.75.
Chart -- Page 14
