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Telco stock declines

earlier gain, yesterday to close at $34.25 in trading on the Bermuda Stock Exchange. The earlier increase came after Telco approved a special dividend.

In other trading, Bank of Bermuda gained 25 cents closing at $17. Bank of Butterfield and Bermuda Home were unchanged at $9 and $7.125 respectively. The index slipped 2.75 points to 924.88. Chart: Page 14