The share price of insurer BF&M Ltd. surged more than five percent this week, after the company announced record profits of $23.9 million for last year — up 42 percent on 2005.

That was one of the highlights of trading on The Royal Gazette Bermuda Stock Exchange this week, as the Index registered a gain of nearly half of one percent.

BF&M closed on Friday at a 52-week high of $19.50, having climbed $1 (5.41 percent). A total of 12,405 of the insurer’s shares traded. Rival insurer Argus Group Holdings Ltd. also gained 5 cents (0.33 percent) to close the week on $15.05.

Devonshire Industries Ltd. was the week’s biggest climber, gaining $1 (7.69 percent) to close Friday on $14, as 268 shares traded.

There was healthy trading in Butterfield Bank, as 7,435 shares changed hands and the Bank closed 25 cents (0.42 percent) up for the week at $59.25.

Bermuda Commercial Bank Ltd. was the only issue to fall, losing 75 cents (7.89 percent) to finish Friday on $8.75. In utilities trading, 3,300 KeyTech Ltd. shares traded and 1,917 Belco Holdings Ltd. shares, but both issues closed unchanged.

The BSX Index ended the week on 5,123.78, up 23.34 points (0.46 percent). Volume was 29,554 shares and turnover for the five days’ trading was $824,017.10.