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Bank and insurance stocks helped drive the Bermuda Stock Exchange up 12.03 points to close at 1189.7.

But there was also renewed interest in bonds, which showed unusually high activity.The insurance sector saw 26,000 shares change hands, with BF&M and BF&M 9% preference shares accounting for 19,000 of the volume.

But there was also renewed interest in bonds, which showed unusually high activity.

The insurance sector saw 26,000 shares change hands, with BF&M and BF&M 9% preference shares accounting for 19,000 of the volume.

BF&M's 9% Conv. shares were about 12.5 cents higher than last week, closing the week after a volume of 12,000 at $10 a share.

Argus and BF&M were unchanged on volume of 7,000 shares.

The Bank of Bermuda closed about 12 cents off the previous week's $23 a share close on a volume of 5,045 and the Bank of Butterfield was a dollar higher at $33 on a volume of 3,548. The Bermuda Commercial Bank was unchanged at $10 5 , on a volume of 566.

Bank of Bermuda 9% US dollar notes slipped 12.5 cents $107.37.5 after a week of 352,000 in trading.

Government 6.5% notes were unchanged at 105, after a week's volume of 50,000.

Watlington Waterworks was down $1.75 to $11 after 1,722 shares changed hands during the week.

Share volume was down from last week's heavy volume, accounted for by the Bank of Bermuda, weighing in at 38,507 worth $521,074.

Bond volume was 407,000 at a value of $435,563. The total value of stocks and bonds traded totalled $956,637.