The Royal Gazette/Bermuda Stock Exchange Index dipped yesterday after Argus Insurance shares lost some ground.

The Island's insurer's stock lost 25 cents to close at its 52 week low of $19.00. The only other stock to trade was Bank of Butterfield, which closed unchanged at $34.50.

The index closed down 1.65 points or 0.07 percent at 2,426.36 on a volume of 12,000 shares worth $233,150.