volume of 12,235 shares valued at $229,598.25, and 500 bonds valued at $47,500. Three stocks traded, one rising and two unchanged in value. The Bermuda government bond issue traded down $4 to close at $95 on a volume of 500.

Among stocks Belco Holdings Ltd. rose 25 cents to close at $20.25 on a volume of 8,952. Trading unchanged were the Bank of Bermuda at $18.50 on a volume of 2,283 and Staples Holdings preference shares at $7.75 on a volume of 1,000.