The Bank of Butterfield dropped $1.50 to $31.25 on The Royal Gazette/BSX Index.

The fall, equal to 4.6 per cent, came after 128 shares changed hands.

On the New York Stock Exchange, the bank fell $1.42, or 4.3 per cent, to $31.30.

Insurance group Argus was down 40 cents, or 8.5 per cent, at $4.30 after 500 shares traded on the local exchange.

Telecoms firm One Communications was unchanged at $2.60 after 6,185 shares moved.

And Watlington Water was also unchanged at $20.50 after 1,000 shares sold.

The Royal Gazette/BSX Index closed down 75.46 points, or 3.78 per cent, at 1,918.62.

The BSX Insurance Index closed down 16.37 points, or 0.88 per cent, at 1,838.73.