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Banking sector falls

The Royal Gazette/Bermuda Stock Exchange Index yesterday closed down 39 points at 2,652.94.The value of Bank of Bermuda shares fell $1 to $38 as 1,670 shares traded. The Bank of Butterfield's stock price also slipped by 25 cents to $35.50 while 2,500 shares changed hands.

The Royal Gazette/Bermuda Stock Exchange Index yesterday closed down 39 points at 2,652.94.

The value of Bank of Bermuda shares fell $1 to $38 as 1,670 shares traded. The Bank of Butterfield's stock price also slipped by 25 cents to $35.50 while 2,500 shares changed hands.

Meanwhile, Argus Insurance shares moved up five cents to $10.80 and 900 shares moved. KeyTech - the parent company of Logic, BTC and Mobility and part owner of Cablevision - saw 1,400 of its shares trade while falling 25 cents to $9.75 in value.