The Royal Gazette/Bermuda Stock Exchange Index slipped last week in moderate trading as drops in insurance stocks were offset by rises in utility companies.

Insurance rivals Argus and BF&M both lost ground, with Argus falling $1 to $20 on volume of 500 shares while BF&M slipped 25 cents to $10 on heavy volume of 13,600.

But utility group KeyTech, the owner of BTC and Logic Communications, rallied by 45 cents to close at $9.95 on volume of 45 cents while its eight percent preference shares rose 25 cents to $11.25 on volume of 100.

Belco traded unchanged at $30.50. Bermuda Commercial Bank warrants fell 20 cents to ten cents on volume of 1,200.

LOM Holdings was unchanged at $2 but saw 30,000 shares change hands.

Bank of Bermuda and Bank of Butterfield ended the week unchanged at $31.10 and $33.25 respectively. On the Nasdaq, Bank of Bermuda closed at $34.65.