the Bermuda Stock Exchange yesterday. BF&M nine percent convertible preference stock was the only other mover, dropping by $3 to $115 on a volume of 1,000.

Trading unchanged were: Bank of Bermuda, which closed at $22, on a volume of 900; Bank of Butterfield, $30, 3,622; BF&M, $9, on a volume of 2,200; and Telco, $395 , 400.

The Exchange Index closed at 1,161.19 -- up 1.71.