Butterfield Bank buoyed the local stock market, as its share price gained 2.7 percent yesterday.

The bank climbed five cents to $1.90 on the trading of 38,600 shares on the Bermuda Stock Exchange (BSX).

MediaHouse Ltd., which is set to delist from the BSX, gained 0.7 percent, or 10 cents, to close on $13.35.

Meanwhile, Bermuda Press Holdings Ltd., owner of The Royal Gazette, fell 0.6 percent, or five cents, as its share price slipped to a 52-week low of $8.50.

The Royal Gazette / BSX Index climbed 23.65 points, or 1.6 percent, to close on 1,474.94.

Volume was 40,211 shares and turnover topped $87,400.