Bank of Bermuda's share price continued to rise yesterday after listing on the NASDAQ on Tuesday, reaching a daytime trading high of $50.23.

But the stock closed at $49.35 on the NASDAQ, where it trades under the ticker symbol BBDA and at $49 on its primary listing on the Bermuda Stock Exchange.

This represents a 1.6 percent or 80 cent rise on the NASDAQ and a 2.1 percent rise or $1.00 rise on the BSX.

At the close of trade 88,000 stocks had traded on the NASDAQ, while 8,430 changed hands on the BSX - a higher volume than normal.

Since listing on the NASDAQ, a person with 100 shares would have seen their share price rise from $44 at close of trade on Monday, making $535 during two days of trading.

After trading on Tuesday, stock rose to$48 on the Bermuda Stock Exchange and $48.55 NASDAQ on the first day of trade for the stock on a US market.

On Tuesday 154,600 shares traded on NASDAQ. Normally just several thousand are traded every day on the BSX, the bank's primary listing.

The bank has said it, has no immediate plans to issue any more shares - so any trading will be existing shareholders selling their stocks.

Stocks in the bank are held in Bermuda by individuals to pension schemes and corporations. The share price was expected to go up dramatically when the bank eventually listed on the NASDAQ.