The Royal Gazette/Bermuda Stock Exchange Index fell 25.73 points or 1.11 percent yesterday to close at 2,294.43. A total of 11,605 shares worth $352,000 were traded.

The banking sector was mixed with the Bank of Bermuda falling $1 or 2.8 percent to close at $35 on volume of 400 shares.

On the Nasdaq, the Bank closed at $35.83.

The Bank of Butterfield gained $0.45 or 1.5 percent to close at $30.50 on volume of 10,800 shares.

The only other stock to trade was Belco Holdings Ltd. which fell $1 or 3.3 percent to close at $29 on volume of 405 shares.