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Exchange Index plunges

plunge to 1047.46 last week. Five issues gained, three lost and seven were unchanged.Leading the losers was the Bank of Butterfield, whoich closed down 67.5 cents at $11.375 on volume of 18,448.

plunge to 1047.46 last week. Five issues gained, three lost and seven were unchanged.

Leading the losers was the Bank of Butterfield, whoich closed down 67.5 cents at $11.375 on volume of 18,448.

Bermuda Aviation Services lost 25 cents to close at $2.50 on volume of 7,075 while BF&M preferred lost 12.5 to close at $9.625 on volume of 3,237.

Telco gained $1 to close at $36 on volume of 1,000 while BSL gained $1 to close at $8 on volume of just 200.

Bermuda Commercial Bank gained 12.5 cents to close at $10.125 on volume of 1,285 while BF&M gained 12.5 cents to close at $6.875 on volume of 1,000.

Bank of Bermuda 9% Sub. US$ Cap. Nts. 2001 closed up 50 cents at 102.25 on volume of 46,000 units.

Issues closing unchanged were; Bermuda Press Holdings, $8, 8,500, Bank of Bermuda, $19.125, 6,763, Hemisphere Group preferred, $6, 2,650, Argus, $10.50, 2,500, Bermuda Home, $7, 1,160, Bank of Bermuda warrants, $3.75, 1,000, and Belco 7% 1st Mort. Nts. 1998, at 101 on volume of 50,000 units.

Share volume for the week was 54,818 with a share value of $572,406 while bond value was $48,768. Total trading value was $621,173.

WEEKLY SUMMARY Biggest gain (%):BSL plus 11.1% Biggest loss (%):Bermuda Aviation Services-10% Highest Volume (shares): Bank of Butterfield (18448) Lowest Volume (shares): BSL (200)