Butterfield Bank’s common shares gained 2.4 percent in Bermuda Stock Exchange trading.

The bank advanced four cents to $1.74 on the trading of 28,600 shares.

Butterfield eight percent preference shares also gained rising $18, or 1.5 percent, to $1,200, as 240 shares changed hands.

Insurer BF&M Ltd also had a good day, as its shares rose by 60 cents, or 3.6 percent, as 1,000 shares traded.

The Royal Gazette/BSX Index climbed 23.01 points, or 1.79 percent, to close on 1,307.49. Volume was 41,832 shares and turnover topped $493,000.

The BSX Insurance Index fell 9.93 points, or 0.72 percent, to close on 1,377.08.