The Royal Gazette/Bermuda Stock Exchange Index closed at 2,278.47 a .35 percent change of 7.85 points. More than 5,000 shares changed hands with two companies advancing and one declining.

The Bank of Butterfield led with 1,400 shares rising .20? to $33.50 while 100 BFM Ltd. shares changed hands at $10.50 per share. Keytech Ltd. 8 Percent Preferred Shares fell .25? to $11.25 on a volume of 2,828 shares.