The Royal Gazette/Bermuda Stock Exchange Index closed unchanged yesterday despite heavy trading in Butterfield Bank shares.

The bank's shares were unchanged at $59.25 despite 35,986 shares changing hands.

In addition, 400 Argus shares traded unchanged at $14.50 ? the stock's 52-week high.

The Index closed at 4,926.70 on volume of 36,386 shares worth $2,137,981.