The Royal Gazette/Bermuda Stock Exchange (BSX) Index rose for a second day as two banks gained.

Bermuda Commercial Bank Ltd. (BCB) saw its share price climb by 50 cents (5.9 percent) to $9 as 10,000 of its shares traded.

And 401 Butterfield Bank Ltd. shares changed hands, helping the price to rise by 50 cents (0.9 percent) to $57. The Argus Group Ltd. dropped 50 cents (3.4 percent) to $14, as 1,200 of the insurer and pension provider?s shares traded.

A total of 21,000 shares in Belco Holdings Ltd. were sold, but the energy company?s price remained unchanged at $22.

The only other trading activity involved West Hamilton Ltd., which closed unchanged at $50 as 500 shares traded.

A volume of 33,101 shares worth $616,639 changed hands yesterday. The Index closed up 13.16 points (0.27 percent) at 4,881.66.