The Bermuda Stock Exchange closed down 2.86 points or .29 percent to close at 997.15 last week.

Seven issues closed down, five gained and one issue closed unchanged.

Bermuda Bakery closed down 62.5 cents at $19.375 on volume of 240.

Bank of Butterfield closed down 25 cents at $10.50 on volume of 13,718 while Bermuda Commercial Bank closed down 12.5 cents at $4.875 on volume of 1,000.

Hemisphere preferred closed down 12.5 cents at $7.375 on volume of 2,100.

Staples preferred closed down 12.5 cents at $8.875 on volume of 2,185.

Telco closed down 25 cents at $37.25 on volume of 3,481.

Belco 7% 1st. mort. nts. 2001 closed down 50 cents at 100.50 on volume of 11,000 units.

Argus gained 25 cents to close at $10.625 on volume of 1,312.

Bank of Bermuda gained 12.5 cents to close at $18.25 on volume of 8,155.

Bermuda Home gained 12.5 cents to close at $9.125 on volume of 1,232.

Belco gained 12.5 cents to close at $20 on volume of 2,625.

Bank of Bermuda 9% sub. cap. nts. 2001 gained 25 cents to close at 102.50 on volume of 600 units.

Bank of Bermuda warrants closed unchanged at $3 on volume of 970.

Share volume for the week was 37,027 with a value of $546,956.75.

Bond value was $164,930.

Total value of trading was $711,887.

WEEKLY SUMMARY Biggest gain (%) Argus 4.9% Biggest loss (%) Bermuda Bakery -3.1% High Vol (shares) (Bank of Butterfield 13,718) Low Vol (shares) (Bermuda Bakery 240)