dip by nearly 0.2 percent.

Bank of Bermuda lost 50 cents to close at $47.50, but this was offset by Bank of Butterfield stock, which gained 25 cents to close at $24.75.

BF&M preferred shares rose 50 cents to close at $11.00 and Belco gained $1 on its share price, closing at $23.50.

The index closed down 4.423 points on a volume of 81,395 shares worth $2,695,329.50 and bonds worth $5,386.20.