price of Bank of Bermuda shares, which have been yo-yoing in price for months, and a substantial drop in BELCO's share price. BELCO fell $1.65 to close at $19.60 and Bank of Bermuda dropped 50 cents to finish at $28.00. KeyTech also fell 50 cents to $29.00 as did Bermuda Press (Holdings) Ltd, the publishers of The Royal Gazette which lost 25 cents to finish at $7.50. Only shares in Bermuda Bakery rose by $1.25 to close at the 52 week high of $21.00.

The index closed at 1,399.26, down 21.59 points or 1.52 percent on a volume of 63,000 shares worth $1,310,440.