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Banks hit hardest

Banking was the hardest hit sector on The Royal Gazette/Bermuda Stock Exchange Index (BSX) last week, with no fewer than two banks seeing their share prices drop.

Bermuda Commercial Bank Ltd. fell $2 (18.18 percent) to $10, with 100 shares traded, while Butterfield Bank closed down 40 cents (4.25 percent) at $9, as 10,784 shares changed hands.

BF&M Ltd. also declined 35 cents ($2) to $17.10, with 6,737 shares transacted, while Bermuda Press (Holdings) Ltd. slid 50 cents (4.16 percent) to $11.50, with 2,200 shares traded.

Other traders included Argus Group Holdings Ltd. (6,900 share), but its share price held firm, as did KeyTech Ltd. (400) and Belco Holdings Ltd. (74).

The Index, as a whole, ended the week down 96.75 points (3.11 percent) at 3,107.23, as 27,195 shares worth $311,978.75 changed hands.