Shares worth more than $1 million traded on The Royal Gazette/BSX Index.

A total of 128,062 Bank of Butterfield shares sold, leaving its price down five cents (2.8 per cent) at $1.75.

And 50,000 shares in financial services holding firm Somers Ltd, which controls the Bermuda Commercial Bank, changed hands, leaving its price down 25 cents (1.9 per cent) at $13.50.

Insurance firm BF&M saw 7,000 of its shares move, with the price unchanged at $17.20.

And Bermuda Aviation Services dropped 20 cents (6.1 per cent) to $3.10 after 2,000 shares sold.

The Royal Gazette/BSX closed down 29.04 points (2.34 per cent) at 1,236.24.

The BSX Insurance Index ended the day up 13.43 points (0.82 per cent) at 1,657.45.