The Royal Gazette/Bermuda Stock Exchange Index fell 47.55 points yesterday to close at 3,898.57.

A quiet day on the BSX, Argus Group Holdings declined $1.50 close at $11.50 as investors traded in 1,136 shares.

The only other activity saw Butterfield Bank trading in 3,284 shares to remain unchanged at $46.50.

The total value of the shares bought and sold on the BSX yesterday was $167,262.80 and the overall volume of shares was 4,420 shares.