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Belco drops by $1

Belco Holdings Ltd. fell $1 (6.25 percent) on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.

The utilities company closed the day down at $15, with 5,100 shares traded.

BF&M Ltd. also dropped 15 cents (0.95 percent) to $15.50, as 600 shares changed hands.

The only other trader was Butterfield Bank, which transacted 1,000 shares, but its share value remained unchanged at $5.50.

Overall, the Index declined 20.44 points (0.86 percent) to 2,362.14, with 6,700 shares worth $95,150 traded.

The BSX Insurance Index, however, was up 26.14 points (3.69 percent) at 732.79.