stocks dropped and one issue closed unchanged.

The exchange closed down 14.21 points or 1.40 percent at 998.41.

It last closed below 1,000 at mid-May.

Bermuda Commercial Bank closed down 67.5 cents at $5.125 on volume of 559 while the Bank of Butterfield closed down 50 cents at $10.375 on volume of 605.

Bermuda Home closed unchanged at $9.50 on volume of 559.

Share volume was 1,834 with a value of $15,021.13.