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Bank of Butterfield dropped 37.5 cents to close at $11.375 on volume of 12,000 on the Bermuda Stock Exchange Index (BSE) yesterday.

The only other issue trading was Bermuda Commercial Bank which gained 12.5 cents to close at $10.125 on volume of 1,000.

Share volume was 13,000 with a value of $147,695.

The BSE lost 8.41 points or .80 percent to close at 1,047.46.