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The Royal Gazette/Bermuda Stock Exchange Index dropped 9.58 points yesterday to close at 2,416.25 as bank shares slipped.

Total turnover on trades in 34,477 shares was $1,531,450.00.Bank of Bermuda dropped 15 cents on trades of 27,077 shares and closed at $50.

Total turnover on trades in 34,477 shares was $1,531,450.00.

Bank of Bermuda dropped 15 cents on trades of 27,077 shares and closed at $50.

Bank of Butterfield dropped 25 cents on the day's trade of 6,200 shares and closed at $25.50.

BF&M preference shares gained 50 cents to close at $10.50 after a trade of 1,000 shares. Belco Holdings traded 200 shares and the price remained at $22.75.