lower yesterday with the index slipping down 0.22 at 1,183.97.

Four issues traded. There were no gainers.

The biggest trade was 14,504 Bank of Bermuda stocks at an unchanged rate of $23. Bermuda Commercial Bank dropped back about 12.5 cents as their volume of 810 had the price close at $11.75.

The only active insurance stock was Argus with a volume of 500 at an unchanged $10.50. Also $4,000 face of FBS MBIC 1994 bonds were traded.