The value of LOM (Holdings) Ltd. shares dropped by more than 40 percent yesterday, driving the Bermuda Stock Exchange Index down 25.20 points.

LOM, which has been engaged in a lengthy legal dispute with US regulator the Securities and Exchange Commission, saw its shares fall $2.10 or 46.7 percent to $2.40 on volume of 21,600 shares.

That drove The Royal Gazette/Bermuda Stock Exchange Index down 25.20 points yesterday to close at 4,363.01.

While no other issues changed price, Butterfield Bank investors traded in 15,385 shares to close unchanged at $55.50 and Bermuda Aviation Services was unchanged at $6.25 on volume of 69,200 shares.

The total value of the shares bought and sold on the BSX yesterday was $1,339,912.50 and the overall volume of shares was 106,185.