Local stocks decline for second week
Created: Sep 08, 1997 11:00 AM
at 1,326.16 compared to its record high of 1398.68 on August 21.The index fell about 24 points during the week past on a volume of 98,665 and a turnover of about $1.3 million. Declines in the banking sector,
at 1,326.16 compared to its record high of 1398.68 on August 21.
The index fell about 24 points during the week past on a volume of 98,665 and a turnover of about $1.3 million. Declines in the banking sector, which had led the five month bull run, were responsible for last week's fall.
Bank of Bermuda and Bank of Butterfield stocks both declined in value. Seven issues traded during the week, two advancing, four declining and one unchanged in value.
SUMMARY m Biggest gain: Bank of Bermuda warrants ( 8%) Biggest fall: BF&M preferred (-5.7%) Largest volume: Bank of Butterfield (83,552) Lowest volume: Bermuda Commercial Bank (500)
