The Royal Gazette/Bermuda Stock Exchange Index dipped back almost to Friday's level, after Bank of Butterfield's stock lost ground yesterday.

After gaining 95 cents to close at a new 52 week high of $35.50 on Monday, it fell by 90 cents yesterday to close at $34.60.

BF&M's stock lost 10 cents to close at $10.25 and the only other stock to trade was KeyTech, the owners of BTC and Logic, which finished unchanged at $10.00 a share.

The index closed down 22.51 points or 0.88 percent at 2,539.42 on a volume of 8,436 shares worth $125,815.