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BERMUDA | RSS PODCAST

Telco and Belco take exchange by storm

yesterday, driving the Exchange Index to 1,038 (up by 32.15 points) -- its ninth consecutive record high.

Telco's shares jumped by 12 percent ($3.75) to close at $35, with a volume of 1,314. In total, $45,990 worth of Telco stock was traded.

Belco's shares went up by $2.50, with a volume of 9,386 brining the total value of Belco stock traded to $211,185.

Bids of $9 for Bermuda Press stock -- $2 higher than the last traded price -- had found no takers for the previous two weeks, but someone finally decided to sell yesterday, with $9,000 of the firm's shares changing hands.

Bermuda Broadcasting stock traded for the first time in almost two and a half years, dropping by $1.25 to close at $5.50, with a volume of 300.

Stevedoring Services stock plummeted by 38.5 percent ($2.50) to $4, with a volume of 200.

Shares in the Bank of Bermuda continued their recent march upwards, climbing by another 50 cents to close at $41.50, with a volume of 3,256.

The Bank of Butterfield's stock remained unchanged for the fourth week running, closing at $27, with a volume of 3,530.

Not even the management in charge of run-off firm Bermuda Fire & Marine Insurance know who has been buying heavy volumes of shares in the company recently.

Another 48,787 shares changed hands yesterday, although at five cents per share, this represented a value of just $2,439.

In total, shares and bonds worth $547,001 were traded.