The banking sector proved to be where the safe money is as Bermuda Commercial Bank boosted its share value by 50 cents (4.2 percent) on the Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.

The Bank's share price closed at $12.50, as 700 shares were traded.

But Butterfield Bank experienced a downturn in fortunes as their share value tumbled five cents (0.3 percent) to finish on $19.95, with 15,291 shares changing hands.

The Index as a whole closed down 4.19 points (0.08 percent) at 5,086.70.

Meanwhile, the BSX Insurance Index climbed 1.22 percent at 1,285.22.