the index rise by 30 points.

The rise was due to a large amount of Bank of Bermuda shares changing hands, and the price rising by $10 to $39 -- just a dollar shy of its all time high.

Bank of Butterfield stock gained 20 cents to close at $17.80. Bermuda Commercial Bank shares were not traded.

BF&M shares rose 50 cents to $7, but Argus Insurance lost $1.15, closing at $16.10.

Island Press (Holdings), owners of the Bermuda Sun, saw stocks fall 75 cents to close at $3.75.

Belco Holdings rose 25 cents to $19.75, and KeyTech rose 75 cents to $34.75.

BTC 7 3 percent bonds rose $1.50 to close at $97.00.

The index closed up 30.497 points or 1.62 percent to 1,886.93 on volume of 51,338 shares worth $1,228,205.25 and 15,000 bonds worth $14,522.18.