The Royal Gazette/Bermuda Stock Exchange Index (BSX) experienced more downs than ups last week, with no fewer than five companies seeing their share prices fall.

The banking sector was the hardest hit, with LOM (Holdings) Ltd. dropping five cents (1.28 percent) to $3.85, with 19,500 shares traded, while Butterfield Bank declined five cents (0.45 percent) also to $10.95, as 30,428 shares changed hands.

Other decliners included BF&M Ltd. (-40 cents), Belco Holdings Ltd. (-25 cents) and Bermuda Aviation Services Ltd. (-five cents).

But Argus Group Holdings Ltd. bucked the trend, finishing up 15 cents (1.51 percent) at $11, with 9,500 shares transacted.

The Index as a whole closed down 14.46 points (0.41 percent) at 3,495.23, with 47,651 shares worth $256,705.75 traded.