Stocks on the Royal Gazette/Bermuda Stock Exchange Index lost ground last week, shedding 56.367 points, or 1.79 percent, to 3,143.58.

Leading the decline was BF&M Ltd. which fell $2.30, or 15 percent, on volume of 39,294, to $13.

KeyTech Ltd. lost 50 cents, or 4.17 percent, to $11.50 and Butterfield Bank closed 50 cents, or 1.15 percent, lower to $43.

Belco Holdings lost five cents, or 0.12 percent, to $40.