Both major bank stocks fell last week to push the Bermuda Stock Exchange Index down 24.26 points to 1,076.28.
The falls in the share prices of the Banks of Butterfield and Bermuda offset gains by four other stocks while Belco also fell.
The Bank of Butterfield, which announced lower profits for the first half of the year this week, fell 50 cents to close at $12 on volume of 11,389 while Bank of Bermuda was down 50 cents to $19.50 on volume of 2,755.
Belco closed down 50 cents at $20 on volume of 800.
Long Botham Boats closed up 75 cents at $7 on volume of 200.
BF&M preferred gained 50 cents to close at a high of $10.25 on volume of 1,243 while Telco gained 25 cents to close at a high of $38 on volume of 630.
Hemisphere Group preferred jumped 12.5 cents to close at $5.625 on volume of 4,600.
Trading unchanged were: Bermuda Home, $6.75 on volume of 3,269; BF&M, $6.75, 3,325; Bank of Bermuda warrants, $3, 1,904; Bermuda Home preferred, $11, 507; Bermuda Commercial Bank, $10.125, 500; Argus, $11, 400; and Bermuda Bakery, $18, 328.
Share volume was 31,850 with a share value of $344,387.
WEEKLY SUMMARY Biggest gain (%): Long Botham Boats 9.7% Biggest Drop (%): Bank of Butterfield -4% Highest Volume (shares): Bank of Butterfield (11389) Lowest Volume (shares): Long Botham (200)
