The Royal Gazette Bermuda Stock Exchange fell 23 points yesterday on a day of light trading which saw two issues decline and none advance.

Bermuda Commercial Bank Ltd. fell 75 cents (7.9 percent) to close at $8.75 as 100 shares sold.

Argus Group Holdings Ltd. also dipped 50 cents (3.2 percent) to $15, as 825 shares changed hands.

The most traded issue was Butterfield Bank Ltd., which closed unchanged as 3,930 shares changed hands. Insurer BF&M Ltd. also substantial activity, with 1,534 of shares selling, as it closed unchanged on $18.

Forty shares sold in The Royal Gazette's parent company, Bermuda Press (Holdings) Ltd., while 5 shares in KeyTech Ltd. were also traded.

The Index closed down 23.09 points (0.45 percent) at 5,073.85. Volume was 6,434 shares and turnover was $273,407.