The banking sector was hardest hit on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday in the aftermath of the AIG bailout by the US Government and Lehman Brothers filing for bankruptcy protection.

Butterfield Bank's share price dropped 50 cents (3.57 percent) to close at $13.50, with 17,000 shares traded.

LOM (Holdings) Ltd. also fell five cents (1.23 percent) to finish on $4, as 40,000 shares changed hands.

But Bermuda Commercial Bank Ltd. was up 35 cents (3.78 percent) at $9.60, with 2,070 shares transacted.

Argus Group Holdings Ltd., meanwhile, traded 6,193 shares, but its share value remained unchanged.

Overall the Index was down 84.35 points (1.97 percent) at 4,197.68, with 65,233 shares worth $495,669.50 changing hands.

The BSX Insurance Index also ended down 2.18 percent at 989.27.