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KeyTech Ltd. shares plunged $4 to close at $21 -- a new low for the year -- as the owners of the Bermuda Telephone Company continue to struggle in the face

The trade occurred on volume of just 700 shares but saw the company's sare value drop 16 percent.However,

The trade occurred on volume of just 700 shares but saw the company's sare value drop 16 percent.

However, The Royal Gazette/Bermuda Stock Exchange Index rose 82.9 points to 1,474.10 as Bank of Bermuda shares rebounded $4 in price to close at $33.

In other trading, Belco Holdings gained 75 cents to close at $23.