The value of shares traded on the Royal Gazette/BSX Index last week was almost $450,000.

The index ended the week at 1,174, down 4.65 points, or 0.39 per cent.

Government of Bermuda 4.75 per cent senior notes gained $3.25, or 4.2 per cent, to close at $98.95 after 100 changed hands, while Bank of Butterfield preference shares also improved, rising $25, or 2.4 per cent, to close at $1,075 after 100 were traded.

The insurance sector strengthened with shares of Argus Group improving 12 cents, or 3.3 per cent, to close at $3.75 after 2,500 changed hands, while BF&M shares edged up 10 cents, or 0.6 per cent, at $17.10 after 6,400 were traded.

KeyTech shares added 10 cents, or 3.9 per cent, to close at $2.65 after 11,000 changed hands, while Ascendant Group shares were down two cents, or 0.4 per cent, at $5.03 after 13,500 traded.

Also losing ground was Bank of Butterfield shares, down two cents, or 1.2 per cent, at $1.62 after 72,631 were exchanged.

The BSX Insurance Index closed the week at 1,623.35, up 1.16 points, or 0.07 per cent.

The Royal Gazette/BSX Index was closed yesterday for the holiday.