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Local Update The Bermuda Stock Exchange Index (BSE) dropped 8.47 points or .81 percent to close at 1,033.45 yesterday.

Bank of Bermuda lost 37.5 cents to close at $18.625 on volume of 7,268.Issues trading unchanged were: Bank of Butterfield, $11.125, 1,500, Bermuda Commercial Bank, $10, 400, Bermuda Home, $7.50, 129, and BF&M, $6.75, 1,300.

Bank of Bermuda lost 37.5 cents to close at $18.625 on volume of 7,268.

Issues trading unchanged were: Bank of Butterfield, $11.125, 1,500, Bermuda Commercial Bank, $10, 400, Bermuda Home, $7.50, 129, and BF&M, $6.75, 1,300.

Share volume was 10,597 with and share value of $165,914.