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Banks lead the way

Banking, utilities and the consumer sector proved to be the busiest on The Bermuda Stock Exchange (BSX) last week.

Butterfield Bank saw its preference and common shares drop $5 (0.4 percent) and five cents (1.2 percent) respectively, while LOM (Holdings) Ltd. traded 2,000 shares, but its price remained unchanged.

The Ascendant Group Ltd. fell $1 (6.3 percent) to $15 with 20,000 shares changing hands and KeyTech Ltd. also declined 50 cents (5.6 percent) to $8.50 as 7,000 shares were transacted.

Devonshire Industries Ltd. meanwhile dropped $5 (38.5 percent) to $8 with 5,000 shares traded, with Kentucky Fried Chicken Bermuda Ltd. up 95 cents (17.3 percent) at $6.45 as 1,000 shares were transacted.

The only other trader was BF&M Ltd., with 2,550 shares changing hands, but its share value held firm at $16.

The Index, as a whole, slipped 42.89 points (2.06 percent) to 2,073.96, with 84,877 shares worth BD$660,194.40 and 4,501 shares worth US$3,676,395.95 traded.

The BSX Insurance Index was also down 19.5 points (two percent) at 953.42 for the week.