Downward movements in three stocks brought the Royal Gazette / Bermuda Stock Exchange lower by 34.94 points (0.68 percent) to close at 5164.7.

The biggest faller was LOM Holdings, with its shares ending 20 cents (5.8 percent) lower at $3.25 after 500 were traded.

Butterfield Bank shares also lost ground, decreasing in value by 50 cents (0.8 percent) to $59 after 21,380 shares changed hands.

In the utilities sector KeyTech shares dropped 25 cents (1.6 percent) to $15.30 after 4,800 were exchanged.

The total number of shares traded on the Exchange was 26,680, representing a value of $1,336,919.