The Bermuda Stock Exchange index recorded an impressive 33-point gain last week, crashing through the 1200 barrier for the first time since last October.
The Index's improvement to 1202.77 on trading worth $1.507 million was led by the banking sector which all registered gains during the week.
The Bank of Bermuda closed the week up 50 cents at $23 on volume of 12,011 shares -- but had matched its high for the year at $23.50 on Thursday.
The Bank of Butterfield gained $1.75 on volume of 5,466 shares to close at its high of $34.50 while the Commercial Bank gained 50 cents on Friday to close at $11.50 on volume of 500.
Other active issues included Bermuda Financial Centre, which closed up 50 cents at $9 on volume of 60,000 shares; Belco, which closed up 62.5 cents at $20.50 on volume of 4,326; and Telco, up 12.5 cents to $35.125 on volume of 1,484.
The insurance sector also had a good week, with BF&M gaining 12.5 cents to close at $6.25 on volume of 510, BF&M shares trading up $1 to $10 on volume of 2,500 and Argus was unchanged at $10 but saw volume of 11,828.
The only decliner for the week was Bank of Bermuda US dollar notes, which fell 75 cents to close at $106.75.
Two new local listings, First Bermuda Security's mortgage backed notes and the Buttress Bermuda Fund and one US dollar fund, Bermuda International Money Fund, were added to the Exchange during the week.
