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BSX drops as Butterfield, KeyTech drop

The Royal Gazette/Bermuda Stock Exchange index dipped yesterday by 13 points after two stocks lost ground.

Bank of Butterfield lost 45 cents to finish at $38 and Key Tech, the owners of BTC and Logic Communication, lost 25 cents to close at $10.

The index closed down 0.47 percent at 2,788.18 on a volume of 12,684 shares worth $404,366.

For the week, the BSX fell 25.37 points from 2813.55. The BSX Insurance Index rose 1.41 percent to 999.02 yesterday, a gain of 40.7 points or 4.2 percent for the week.