The share prices of six domestic companies fell last week, causing an 8.76 percent slump on The Royal Gazette/Bermuda Stock Exchange Index.

Butterfield Bank fell 20 cents, or 11.8 percent, to $1.50 over the fives days of trading as 14,863 shares traded. In doing so, it lost all the ground it gained the previous week, when it climbed 20 cents.

Devonshire Industries Ltd. suffered the biggest fall of the week, dipping $1.95, or 21.7 percent, to close the week on $7.05.

The Island's two major utilities companies also tumbled. KeyTech Ltd., owner of the Bermuda Telephone Company and M3 Wireless, slipped 45 cents, or six percent, to $7.05, as 5,400 of its shares traded. Ascendant Group, owner of electricity company Belco, fell 40 cents, or 2.9 percent, to $13.60, as 7,500 shares changed hands.

Insurer BF&M Ltd. saw its stock decline 50 cents, or 3.9 percent, to $12.25, as 4,604 shares traded. In the week it announced a sharply reduced fiscal fist-quarter profit of $8.9 million, Bermuda Commercial Bank Ltd. joined the declining list. BCB fell 35 cents, or 3.5 percent, to close the week on $9.55, as 700 shares traded.

West Hamilton Holdings Ltd. was the one company to buck the trend, rising 25 cents, or 2.6 percent, to $10, as 1,050 shares were exchanged.

The index fell 110.47 points to 1,259.93. Volume was just over 35,800 shares, while turnover topped $458,000.