Stock Exchange Index down slightly in light trading.

The bank fell 12.5 cents to close at $12.625 on volume of 788 shares. The fall drove the Index down 2.99 points to close at 1109.89 on volume of 3,796 shares worth $38,304.

In other trading, Telco shares were unchanged at their high of $38 on volume of 1,008 while Bank of Bermuda warrants -- which is not a constituent of the Index -- closed up 25 cents to a high of $3.50 on volume of 2,000 shares.

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