The exchange closed down 7.45 points or .72 percent at 1,023.30.

BF&M preferred closed down 50 cents at $8.50 on volume of 600.

Bank of Bermuda dropped 25 cents to close at $18.25 on volume of 9,397.

Bank of Butterfield closed down 25 cents at $11.50 on volume of 16,144.

Belco Holdings dropped 37.5 cents to close at $19.625 on volume of 294.

Bermuda Press Holdings closed down 12.5 cents at $8 on volume of 6,142.

Telco gained $1 to close at $36 on volume of 2,514.

Bermuda Aviation Services gained 67.5 cents to close at $3 on volume of 400.

Argus gained 37.5 cents closing at $11.50 on volume of 69,976.

BF&M gained 25 cents to close at $6.75 on volume of 10,346.

The net asset value of Mezzanine rose two cents to $10.18.

Bermuda Home closed unchanged at $8.25 on volume of 364 while Bermuda Home preferred closed unchanged at $12 on volume of 450.

Belco 7% 1st mort. nts. 1998 traded unchanged at 101 on volume of 60,000 units with a value of $60,800.

WEEKLY SUMMARY Biggest gain (%):Bermuda Aviation Services 17.2% Biggest loss (%):BF&M pref.-5.6% Highest Volume (shares):(Argus 69,976) Lowest Volume (shares):(Belco 294)