The Royal Gazette/Bermuda Stock Exchange Index fell 30.035 points or 1.14 percent last week to close at 2,639.22. A total of 40,397 shares worth $1,340,856 changed hands.

The Bank of Bermuda fell $2.05 or 4.36 percent to close at $44.95 on volume of 16,464. The Bank of Butterfield gained $1.50 or 4.92 percent to close at $32 on volume of 11,583.

In the insurance sector, Argus Insurance Co. Ltd. fell $1.25 or 5.62 percent to close at $21 on volume of 2,380.

BF&M warrants fell 25 cents or 2.04 percent to close at $12.

Bermuda Press (Holdings) Ltd. gained $1 or 11.11 percent to close at $10 on volume of 3,256.

Bermuda Aviation services Ltd. fell 25 cents or 3.45 percent to close at $7 on volume of 932.

In the utilities sector, Belco Holdings Ltd. gained 75 cents or 2.75 percent to close at $28. KeyTech Ltd. gained $1.75 or 4.24 percent to close at 443.

And BTC warrants gained $1 or 1.04 percent to close at $97.