Belco Holdings Ltd. and Argus Group Holdings Ltd. suffered the biggest losses on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.

Belco fell 85 cents (4.87 percent) to $16.60, with 300 shares trade, while Argus dropped 25 cents (2.43 percent) to $10, as 100 shares changed hands.

The only other trader was Butterfield Bank, which transacted 7,690 shares, but its share price held firm.

Overall the Index declined 25 points (0.69 percent) to 3,608.76, with 8.090 shares worth $96,524.10 traded.

The BSX Insurance Index followed suit, down 2.92 percent at 859.92.