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Local Update In a quiet day on the Bermuda Stock Exchange, just two issues traded, pushing the index up 11.49 points.

Bank of Butterfield rose $0.50 to $11.75 on trading of 713 shares. And Hemisphere Group 9.75% Pref. closed up $0.25 at $6.50 on trading volume of 2,000.

The 2,713 shares traded Wednesday were valued at $21,297.88.