Heavy turnover in bank and insurance stocks saw the Royal Gazette/Bermuda Stock Exchange index dip marginally yesterday.

Bank of Butterfield stock was static at $44.80, but traded 7,700 shares, while Argus Insurance gained 50 cents to close at $25.50 and BF&M lost 75 cents to finish at $15.

The index closed down 2.43 points or 0.07 percent at 3,273.69 on a volume of 17,779 shares worth $617,574.