Bermuda Commercial Bank surged 22 percent during the week it announced an annual profit of $5.16 million. The bank's stock price rose $2 to $11 on the trading of 400 shares.

BCB's profit, for the fiscal year ending September 30, 2008, was 13 percent down on the previous year, after withdrawals from major investment fund clients totalled nearly $150 million.

KeyTech Ltd. was the only other issue to advance. The Bermuda Telephone Company owner rose 50 cents (5.3 percent) to end last week on $10, after 2,200 of its shares changed hands.

Overall, the Royal Gazette / Bermuda Stock Exchange (BSX) Index was little changed during a trading week shortened by Tuesday's holiday, falling 15.97 points (0.44 percent) to close on Friday at 3,585.74.

Belco Holdings Ltd. hit a 52-week low after it fell 60 cents (3.6 percent) to $16, on the trading of 6,000 shares.

Argus Group Holdings Ltd. was the heaviest traded issues, as volume reached 14,000 shares, but remained unchanged on $10 for the week. Rival insurance and investment group BF&M Ltd. slipped 25 cents (1.4 percent) to $17.25.

Butterfield Bank closed on $11.50, after falling 20 cents (1.7 percent) during the four days of trading, which saw 13,317 of its shares change hands.

The Bermuda Insurance Index was also little changed after a topsy-turvy week, falling two points to 838.03.