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The Bermuda Stock Exchange index finished 2.2 points lower at 1,405.93 on a share volume of 2,406, valued at $51,976.

Bank of Bermuda closed unchanged at $29.50 on a volume of 1,065 and Bank of Butterfield remained at $16 after 556 shares changed hands. Bermuda Home 8% Pref. remained at $12.50 on trading of 685 shares.

Bermuda Telephone Co. Ltd. closed at $31 on a volume of 100 shares.