year on Friday on the basis of continued strong perforamces in the banking sector.

The index increased 4.05 points to close at 1,014.21, just 0.53 of its high for the year achieved on March 2 in relatively heavy trading.

Bank of Bermuda shares gained 50 cents to close at a new high of $46.50, with a volume of 170, while Butterfield's stock went up by 25 cents to $25.25, with a volume of 1,650.

Argus Insurance shares traded unchanged in value at $11.50, with a volume of 5,325, while Telco shares also remained the same, at $35.50, with a volume of 850.

The total value of shares and bonds traded last week came to $747,878.