The buying spree was sparked by record quarterly profits released on Friday by the bank, which saw the price climb 50 cents or 1.3 percent to $40.00.

Out of the 40,850 shares traded on the day, 34,850 were Bank of Bermuda stock.

The only other share bought or sold was Bank of Butterfield, which remained unchanged at $19.00.

The index closed up 0.75 percent at 1,956.40, after trading $1,506,944 worth of stock.