after a week of active trading in which four stocks advanced and three declined.

The Bank of Bermuda, which has seen its shares advance amid speculation that it may be granted an exemption from the Island's 60/40 ownership closed up 2.32 percent or 85 cents at $37.50 on volume of 33,009 shares.

Also gaining ground were BF&M Ltd., up 75 cents or 14.29 percent at $6 on volume of 6,700 shares, and Long Botham Boats, which gained 25 cents to close at $4 on volume of 100 in the wake of improved earnings.

Three issues lost ground: Belco Holdings fell back $1 to close at $19; Argus slipped 50 cents to close at $17; and BF&M 9 percent preference shares dropped 50 cents to $9.