Francis, warned investors that BCB's shares might be overvalued, the bank's stock flel by $5 on the Bermuda Stock Exchange yesterday. One hundred BCB shares traded at $13.50.

Trading worth $886.875 was carried out in the Bank of Bermuda's nine percent notes, which increased in value by $3 to close at $107.50 The Bank of Bermuda's common stock fell by $1 to close at $225 on a volume of 550.

Belco went up by 25 cents to $19.75 on a volume of 182, while Telco traded unchanged at $40.25 on a volume of 3,920.

The Exchange Index closed at 1,158.21 -- down by 1.84.