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Local Update

Bermuda Stock Exchange yesterday. Also going down was Long Botham Boats, which fell by 25 cents to $8.25 on volume of 1,000.

The only stock to go up was that of Telco, which increased by $1 to $38.75 on volume of 100. There was trading worth $12,900 in the Bank of Bermuda's nine percent notes.

The Exchange Index closed at 1,128.55 -- down by 4.83.