yesterday as its shares went up another 25 cents to close at $46 on a volume of 216, buoyed by the announcement of a split stock programme. The Bank's stock has appreciated by 15 percent ($6) over the last week.

At least one shareholder was undeterred by Belco's three percent fall in profit for fiscal 1992, which was announced two days ago, snapping up 300 shares for $21 each -- 50 cents up on its last traded price.

Telco stock dipped by 50 cents to $35, with a volume of 150, while BF&M nine percent preference shares went down by one-eighth of a dollar to $111 , with a volume of 300.

Staying unchanged in value were the stocks of the Bank of Butterfield, which traded at $24.50, with a volume of 3,148; Island Press, $5.50, 2700; Bermuda Aviation Services, $3.25, 1,753; and Bermuda Commercial Bank, $21, 300.

At the close of trading, the Exchange Index was up 3.46 to 999.73 -- just 0.27 down on the Index of February 24, when the Exchange went over to daily trading and just more than 14 points off its high for the year.