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Argus shares drop 50 cents

The Royal Gazette/Bermuda Stock Exchange yesterday closed down 8.05 points to finish at 2,621.28.

The highest volume of trading was seen by Argus Insurance which saw its shares fall 50 cents to $20 while 400 shares changed hands.

The financial institution sector was quiet with only the Bank of Bermuda posting any activity. The Bank shares fell 15 cents to $40 while 200 shares traded.