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The Bermuda Stock Exchange index dropped to just over the 1,400 line after losing 1.7 percent in a single day due to a drop in the price of Bank of

Although 41,550 shares worth $675,750 changed hands, only one stock changed price. Bank of Bermuda shares fell $1.00 to close at $28.00.

The index closed at 1,041.24, down 24.18 points on last Friday.