after gaining $2.25 to close to $9.50 on volume of 3,000 in trading Thursday.

BF&M preferred closed unchanged at $9.75 on volume of 755. Hemisphere Group preferred gained 37.5 cents to close at $5.50 on volume of 6,400. Telco closed up 25 cents at $37.75 on volume of 460 while Belco gained 25 cents to close at $20.50 on volume of 970. Bank of Bermuda warrants closed up 12.5 cents at $3 on volume of 2,000. Bank of Butterfield closed unchanged at $12.50 on volume of 1,200 and Bermuda Commercial Bank closed unchanged at $10.50 on volume of 1,086. Share volume for the day's trading was 15,793 with a share value of $133,559.