dominated the Bermuda Stock Exchange. Most of the trading -- about $3.8 million worth of stock -- occured on Wednesday, the last day of trading before the Cup Match weekend.

The trading came before the official release of the bank's report today that it had profits of only $10.5 million for the year, after charging $20.6 million against earnings for operating losses.

The BSX index closed the week down almost six points to 1,287.98 on a volume of 394,328 shares and a turnover of about $6.3 million. Nine issues traded, four advancing, one declining and four unchanged in value.

The biggest gainer was TeleBermuda shares which rose 50 cents, or about six percent, to $8 on a volume of 400.

The Bank of Bermuda was the only declining stock in the market, falling 50 cents, or two percent, to $26 on a volume of 14,186.

The Bank of Butterfield finished the week up 13 cents to $14.38 on a volume of 281,030. Bermuda Home gained 13 cents to close at $8.63 on a volume of 10,491.

Belco Holdings rose 50 cents to close at $23.50 on a volume of 64,612.

Trading unchanged were Bermuda Commercial Bank at $5.50 on a volume of 3,200, BF&M preferred shares at $9 on a volume of 9,238, Staples Holdings preferred at $8.63 on a volume of 1,371, and Bermuda Telephone Co. at $32 on volume of 9,800.

SUMMARY Biggest gainer: TeleBermuda (6%) Biggest loser: Bank of Bermuda (2%) Largest trading: Bank of Butterfield (281,030) Lowest trading: TeleBermuda (400)