years after a week of unprecedented decline.

The index, which set a record low four times, finished at 926.85, down nine points from a week earlier.

The index, a composite of 20 BSX-listed companies, rests at its lowest level since daily trading commenced in February of 1993. Record high is 1221.36.

The Island's two biggest banks account for 40 and 22 percent of the index respectively. Moves by these two issues consequently have the greatest impact.

During the week, three financial institutions' issues, as well as a transportation company, fell.

Bank of Butterfield closed down 37.5 cents at $9, equaling a 52-week low. Bank of Bermuda, after an early decline, closed the week unchanged at $17, only 12.5 cents from tying a 52-week low.

Bermuda Commercial Bank fell 12.5 cents closing at $5.

BCL was down 25 cents at $2.50.

Bank of Bermuda warrants plummeted 62.5 percent, or $1.25, to close at 75 cents, a 52-week low.

BF&M preferred was the only gainer.

In other trading, Bermuda Home preferred, Argus, Bermuda Press (Holdings), Telco and Belco, as well as Bank of Bermuda, were unchanged.

Total value of trading was $846,709.75.

Biggest gain (%): BF&M preferred ( 2.9%) Biggest loss (%): Bank of Bermuda warrants (-62.5%) Highest volume (shares): Bank of Butterfield (68,764) Lowest volume (shares): BF&M preferred (250)