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Local stocks lose ground

Bank of Bermuda closed up 25 cents at $19.50 on volume of 1,780 while Bank of Bermuda warrants closed down 25 cents to $2.25 on volume of 493.

trading yesterday.

Bank of Bermuda closed up 25 cents at $19.50 on volume of 1,780 while Bank of Bermuda warrants closed down 25 cents to $2.25 on volume of 493.

Bank of Butterfield dropped 25 cents to $12.75 on volume of 2,219.

Bermuda Home 8% preferred closed down 12.5 cents at $11.875 on volume of 265.

BF&M 9% preferred closed unchanged at $9.75 on volume of 1,439.

Share volume for the day was 6,196 shares worth $81,481.

Due to an error by the Bermuda Stock Exchange, it was incorrectly reported on Saturday that Watlington Waterworks closed down $6.25 to $4.75 on Thursday.

In fact the stock gained in value to $4.75 because of a 2.4:1 stock split which occurred after the stock last traded in June.

When the split is taken into account, Watlington's shares closed up 17 cents from $4.58 to $4.75.

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