Butterfield Bank continued its recent descent by dropping 25 cents (1.94 percent) on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.

The bank closed on $12.60, with 47,446 shares traded.

The only other trader was also in the banking sector, with Bermuda Commercial Bank Ltd. seeing 54 shares change hands, but its share price remained unchanged.

Overall the Index was down 43.68 points (1.08 percent) at 3,988.2 with 47,500 shares worth $604,311.80 being transacted.

The BSX Insurance Index, however, edged up 2.52 percent to 1,029.79.