The Royal Gazette/Bermuda Stock Exchange Index closed down 23.73 at 1,423.89.

Trading volume was light but evenly spread across the major sectors with 7,000 shares changing hands at a value of $32,990.00.

Some 5,000 shares on Bank of NT Butterfield Ltd changed hands, declining 0.05 to 2.00. BF&M Ltd closed at an unchanged 17.99 after 1,000 moved, while KeyTech Ltd declined 0.01 when 1,000 shares traded at 5.00.