investors exchanged more than $1 million worth of the 6.5 percent bonds in their first trade on the Bermuda Exchange since March 18.

A total of 1,151,000 bonds were traded at an unchanged price of $105 per 100 units. The trade was valued at $1,208,550.

In share trading, the Bermuda Exchange index gained 4.15 points to close the week at 1170.61.

Bank of Bermuda shares gained 25 cents to close at $22.25 on volume of 100.

Argus was up 25 cents to $10.625 on volume of 1,200.

The heaviest decline of the day was the Bank of Butterfield, which fell 25 cents to $32.75 on volume of 5,375, while BF&M nine percent preference shares edged down 12.5 cents to $10 on volume of 27,000.

Trading unchanged were Commercial Bank, $11.875, 400 shares; and BF&M, $6.75, 3060.

The value for all trading on the day was a high $1,694,961.

For chart, see below.