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LOCAL UPDATE

1,500 yesterday on the Bermuda Stock Exchange.Bid and ask were $7.50 and $10 respectively.The company's stock last traded at $12, a high for the year, on October 25.

1,500 yesterday on the Bermuda Stock Exchange.

Bid and ask were $7.50 and $10 respectively.

The company's stock last traded at $12, a high for the year, on October 25.

BCS was one of five issues to close down as the index declined 4.09 points or .41 percent to close at 982.40.

Masters Ltd. closed down $1 at $3 on volume of 20,000.

Telco dropped 37.5 cents at $37 on volume of 251 while Belco closed down 12.5 cents at $19.75 on volume of 5,578.

BF&M preferred closed down 25 cents at $8.75 on volume of 2,421.

Three issues closed unchanged; Bank of Bermuda, $18.25, 200, Bank of Butterfield, $10.25, 4,235 and Bermuda Home $9.375, 4,100.

Share volume was 38,285 with a value of $298,274.38.