yesterday. Also down were Bank of Bermuda shares, which fell by 50 cents to $24 on a volume of 2,062.

The highest volume was in Long Botham Boats Company with 10,000 shares traded at an unchanged price of $8.75 each. Also unchanged were Telco, which closed at $38.75 on a volume of 123, and Bank of Butterfield, which closed at $28 on volume of 1,394. The Exchange Index fell for the fifth consecutive trading day, dropping by 15.96 to close at 1,188.69.