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Bermuda dropped $2 to $25, matching its low for the year.

The BSX Index closed at 1,289, down 3.8 percent on volume of 23,032 shares worth $291,004 and 26,220 bonds worth $25,302.

The Bank of Bermuda traded down 7.4 percent on volume of 6,265. In other trading, the Bermuda Commercial Bank edged up 13 cents to $5 on volume of 14,695 shares while BTC gained 50 cents to close at $32 on colume of 1,869 shares.