Bank of Butterfield shares continued to edge up, pushing up The Royal Gazette/Bermuda Stock Exchange Index by four points to a new all time high.

Bank of Buttefield shares gained a new all-time high of $42, up 25 cents on the day before. Bermuda Commercial Bank also made gains of 65 cents or 9.8 percent to close at $7.30.

These gains were balanced out by Argus Insurance Co. which lost 50 cents to close at $25.00 and BELCO which dropped 10 cents to finish at $35.00.

The index closed up 0.16 percent at 2,890.21 on a volume of 13,013 shares worth $467,071. No bonds traded.