Exchange yesterday as its Millenium warrants traded for the first time.

The warrants, which can be used to buy Bank of Bermuda shares between 1996 and the year 2000 -- were issued as part of a bank rights issue last month. They closed at $2.25 on volume of 1,754.

The bank's ordinary shares traded unchanged at $19 on volume of 2,410 yesterday as the Exchange Index was also unchanged at 1094.05.

In other trading, Bermuda Home 8 percent preference shares dropped 25 cents to close at $11.625 on volume of 380 and Bank of Bermuda 9% preference shares fell 75 cents to close at $104.25 on volume of 1,000. The Exchange announced yesterday it had agreed to delist the Island Press from the Exchange, as a result of its merger with the Bermuda Sun Ltd.

Island Press traded between $5 and $4.50 this year. It last traded on May 3, when it closed at $4.50.

The Island Press swallowed up the financially troubled Bermuda Sun Newspaper, after years of poor financial results.