The local stock market remained at near-decade lows after a second negative week.

The Royal Gazette / Bermuda Stock Exchange (BSX) Index fell 18.92 points, or one percent, over the five days of trading, to close on 1,900.09.

Butterfield Bank tumbled 3.3 percent, as investors await its imminent fourth-quarter and full-year results for 2009.

The bank fell 10 cents to $2.90, having recovered somewhat from a low of $2.75 in midweek. Trading in the bank was brisk, with 151,061 shares changing hands.

Butterfield's preference shares also fell for the first time, dipping $25, or two percent, to end Friday on $1,200, as 615 shares were exchanged.

The biggest climber of the week was KeyTech Ltd., owner of the Bermuda Telephone Company, which gained 50 cents, or 5.7 percent, to close the week on $9.30 on the trading of 15,010 shares.

Bermuda Container Line Ltd. managed a positive week in what was scheduled to be its last week of trading on the BSX, after the shipping company's shareholders voted to delist. BCL gained 40 cents, or 2.9 percent, to $14, as 500 shares traded.

Insurer and investment company BF&M Ltd. fell 3.6 percent, while Ascendant Group Ltd., owner of energy company Belco, fell 3.2 percent.

Total BSX share volume was more than 190,000, while turnover, including US and Bermuda dollar transactions, was almost $1.58 million.