The Royal Gazette/Bermuda Stock Exchange index dipped for the second day running after BF&M stock had some of its value shaved off the price.

The stock fell from $16.00 to $15.50 on trading of just 100 shares. Bank of Butterfield traded unchanged at $46.

The index closed down 5.84 points or 0.18 percent on a volume of 10,700 shares worth $319,950. No bonds traded.