Butterfield Bank extended its gains of the past week yesterday, as it rose two percent to boost The Royal Gazette / Bermuda Stock Exchange (BSX) Index.

The bank's share price rose 10 cents to close the day on $5.20, on the trading of 31,600 shares.

In the six trading days since Butterfield announced a first-quarter net loss of $20.8 million, its share price has soared 48.5 percent from a low of $3.50.

Next week Butterfield is scheduled to reveal details of its $200 million Government-guaranteed preferred stock issue.

The only other domestic company to trade yesterday was Belco Holdings Ltd., which advanced five cents (0.3 percent) to $15.80, as 1,000 shares changed hands.

The BSX Index rose 18.39 points, or 0.8 percent, to 2,304.57.

The BSX Insurance Index of the Island's leading international insurance companies fell 12.76 points, or 1.6 percent, to close on 780.47.