The banking sector was hardest hit on The Bermuda Stock Exchange (BSX) yesterday, with no fewer than two banks seeing their share prices drop.

Bermuda Commercial Bank Ltd. fell 1.94 percent (15 cents) to $7.55, with 1,000 shares traded.

Butterfield Bank's preference shares also declined 2.04 percent ($25) to $200, as 170 shares changed hands, while the bank also transacted 12,600 common shares, but its share value held firm at $2.90.

BF&M Ltd. similarly dropped 3.65 percent (55 cents) to $14.50, with 1,514 shares traded.

Overall, the Index dipped 9.52 points (0.5 percent) to 1,900.09, as 15,114 shares worth BD$66,058 and 2,170 shares worth US$228,346.67 changed hands.

The BSX Insurance Index fell 2.59 points (0.26 percent) to 979.73.