The Bermuda Stock Exchange dropped 20.68 points or two percent as six issues closed down, two gained and five closed unchanged for the week ending June 23.
The exchange closed at 1,014.19.
Telco dropped 75 cents to close at $37 on volume of 2,350 while Belco dropped 75 cents to close at $20 on volume of 1,630.
Bank of Butterfield lost 50 cents to close at $11.50 on volume of 3,044.
BF&M preferred closed down 37.5 cents at $9.625 on volume of 819 while BF&M common dropped 25 cents to close at $6.50 on volume of 2,475.
Bank of Bermuda closed down 12.5 cents at $17.875 on volume of 9,149.
Bank of Bermuda 9% sub. cap. nts. 2001 gained 50 cents to close at 103.125 on volume of 50,000 units.
Issues closing unchanged were; Bermuda Home, $8, 568, Argus, $10.50, 3,665, Bermuda Broadcasting, $5.50, 450, Staples preferred, $9.25, 1,100 and Bermuda Aviation $2.25, 1,975.
Share volume was 27,225 with a share value of $402,581.51.
Mezzanine's NAV gained two cents to $10.09.
WEEKLY SUMMARY Biggest gain (%):Bank of Bermuda 2001 notes .48% Biggest loss (%):Bank of Butterfield -4.1% Highest Volume (shares):(Bank of Bermuda 9149) Lowest Volume (shares):(Bermuda Broadcasting 450)
