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LOCAL UPDATE

Stock Exchange gained 5.98 points or .58 percent to close at 1,035.99 yesterday.

Bank of Bermuda shares gained 25 cents to close at $18.50 on volume of 2,738 while Belco gained 25 cents to close at $19.875 on volume of 104.

Bermuda Home gained 25 cents to close at $9.50 on volume of 1,800 while Bermuda Home preferred gained 12.5 cents to close at $12.125 on volume of 400.

BF&M closed down 25 cents at $6.50 on volume of 350.

Argus closed unchanged at $11.50 on volume of 1,000.

The share volume was 6,492 with a value of $89,620.