Exchange Wednesday on volume of 1,000, while the company's preference stock fell by $7 to $10.50 on volume of 230. The company's common stock has now fallen by $1.50 since the company it broke away from two years ago -- Bermuda Fire & Marine Insurance Company -- voluntarily applied to be wound-up on November 2. Its preference shares have fallen by $1.25 over the same period.

Creditors of Bermuda Fire & Marine have threatened to go after the assets of BF&M, although they have not, as yet, brought a legal action. BF&M has said Bermuda Fire & Marine's creditors have no legal claim against its assets.

In other trading, Bank of Butterfield stock fell by $7 to $32 on volume of 985, while the Bank of Bermuda traded unchanged at $20 on volume of 3,060.

Belco stock fell by 25 cents to $21 on volume of 2,619 and Telco was down by $3 to $385 on volume of 200.

Bermuda Financial Centre Ltd., which plans to redevelop the site of the Bermudiana Hotel, gained 50 cents to close at $8.50 on volume of 500. Chips, the networking, systems, scanning, imaging and printing, was listed on the exchange for the first time, although there were no bids or offers.