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LOCAL UPDATE

The only other gainer was Staples preferred which closed up 25 cents at $9 on volume of 3,000.Bermuda Commercial Bank closed down 37.5 cents at $5.125 on volume of 2,000.

on the Bermuda Stock Exchange.

The only other gainer was Staples preferred which closed up 25 cents at $9 on volume of 3,000.

Bermuda Commercial Bank closed down 37.5 cents at $5.125 on volume of 2,000.

Bank of Bermuda closed unchanged at $18.625 on volume of 1,800 and Bank of Butterfield closed unchanged at $11.50 on volume of 1,125. The exchange closed down 1.79 points or .17 percent at 1,036.20.

Share volume was 8,437 with a value of $88,731.