The Royal Gazette / Bermuda Stock Exchange slipped from its record high by 47.97 points (0.92 percent) to close at 5,140.59 as shares in Butterfield Bank and Argus fell.

Butterfield Bank's shares dropped 25 cents(0.4 percent) to $59.75 after 2,500 were traded.

Argus stock ended the day $1 (6.3 percent) lower after 2,000 changed hands.

The only other active local shares were in BF&M with 21 being exchanged without altering the closing price of $19.

The total number of shares traded on the Index was 4,521 representing a value of $180,609.