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The Bermuda Stock Exchange gained 1.56 percent yesterday during a volume-heavy trading day, closing at 1,728.70 -- just points short of the all-time high of

The Bank of Bermuda was yesterday's biggest gainer, advancing $1 to close at $40 (see story). The Bank of Butterfield remained unchanged at $16 on a volume of 5,240 shares.

In utilities, BELCO gained one quarter to close at $19.25 while insurance companies Argus and BF&M remained unchanged at $17 and $6, respectively.