The stock of the company, which plans to redevelop the Bermudiana Hotel, closed at $9 on volume of 90,000 -- a trade worth $810,000.

The trade led all gainers, and helped drive the Exchange up 2.29 points to close at 1172.02 on volume of 91,864 shares worth $839,031.

Bank of Butterfield shares gained 25 cents to close at its high for the year of $33 on volume of 400. BF&M inched up 12.5 cents to close at $6.25 on volume of 510 and Belco went up by the same amount to $20 on volume of 326. Argus fell 25 cents to $9.75 on volume of 628 sares.