The Royal Gazette/Bermuda Stock Exchange Index fell 27.262 points or 1.25 percent last week.

The Bank of Bermuda fell $0.50 or 1.61 percent for the week, closing at $30.50. The Bank of Butterfield fell $0.40 or 1.27 percent, closing at $31.

Masters Ltd. gained $0.50 or 6.25 percent to close at $8.50.

In the insurance sector, Argus Insurance Ltd. fell $1 or 4.76 percent to close at $20 and BF&M Ltd. fell $0.25 or 2.56 percent to close at $9.50.

Bermuda Computer Services gained $0.50 or 9.9 percent to close at $6.

In the utilities sector, Belco Holdings Ltd. gained $0.50 or 1.67 percent to close at $30.50 and KeyTech Ltd. gained $0.25 or 2.56 percent to close at $10.