The banking sector was the hardest hit on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday, with no fewer than two banks or financial institutions seeing their share price fall.

Butterfield Bank dropped 10 cents (0.9 percent) to $11, with 12,500 shares traded, while LOM (Holdings ) Ltd. declined five cents (1.26 percent) to $3.90, as 500 shares changed hands.

Belco Holdings Ltd. also sunk 25 cents (1.51 percent) to $16.25, with 538 shares transacted.

But KeyTech Ltd. bucked the trend for the day, closing up 45 cents (4.5 percent) at $10.45, with 600 shares traded.

Other traders included Argus Group Holdings Ltd. (300 shares), BF&M Ltd. (100) and Bermuda Commercial Bank Ltd. (13).

The Index ended the day down by 10.92 points (0.31 percent) at 3,513.48, with 14,551 shares worth $158,147.15 traded.

The BSX Insurance Index, however, was up 38.19 points (4.92 percent) at 814.08.