A three percent drop in the share price of the Bank of Bermuda last week offset gains in five other stocks and left the Royal Gazette/Bermuda Stock Exchange Index in negative territory.

In a quiet week of trading in which 21,628 shares changed hands for just $133,158, the bank's stock feel $1 or 3.08 percent to $31.50 on volume of 500 shares.

Because the Island's banks are the most heavily weighted issues on the BSX, that decline offset gains in smaller stocks and the Index closed down 26.611 points at 2,217.47.

On Nasdaq, where the bulk of the bank's stock is now traded, it closed up 11 cents at $32.56 on volume of 18,000 shares.

The leading gainer for the week was LOM Holdings Ltd. which rose 25 cents or 12.5 percent to close at $2.25 on volume of 5,000 shares.

Local telecommunications giant KeyTech Ltd. rose 25 cents to $9.75 on volume of 4,000 shares, while fellow utility Belco was unchanged at $30.50 on volume of 100 shares.

Bermuda Commercial Bank was up five cents to $6.50 on volume of 2,500 shares while its warrants rose 20 cents to close at 30 cents on volume of 5,000.

Insurer BF&M rose 25 cents to close at $9.80 on volume of 4,328.