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HAMILTON -- Argus Insurance dropped $2.25 on the Bermuda Stock Exchange yesterday, taking the shares down to its 52 week low of $4.50.

BF&M Ltd also lost ground, closing down $1.50, at $7.50. Bank of Bermuda lost 50 cents to close at $29.00.

But KeyTech rose 50 cents to $29.50 and Kentucky Fried Chicken closed up 25 cents at $5.00.

The index closed down 18.85 points or 1.32 percent, at 1,405.03 on a volume of 51,467 shares worth $1,073,895.35.