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The Bermuda Stock Exchange closed slightly lower yesterday as decliners outpaced gainers two to one, with bank stocks active.

Bank of Bermuda remained at $22 a share after 2,282 shares were traded.Bank of Butterfield fell back 1 to 32 5 on a volume of 1,100.

Bank of Bermuda remained at $22 a share after 2,282 shares were traded.

Bank of Butterfield fell back 1 to 32 5 on a volume of 1,100.

Island Press Ltd. 8% Cum. Red. Pref. fell a $1.75 to $5.25 on a trade of 212 shares.Bermuda Electric Light 7% Sub. Conv. NOtes '97 gained a dollar, rising to 119 on a volume of 600.

The index closed at 1,165.22, down 1.25.