trading which saw shares in both the Bank of Bermuda and the Bank of Butterfield drop.

BELCO shares plummeted $2.00 -- over 10 percent, to close at $18.50. Bank of Bermuda shares dropped $1.50 to $27.75 and Bank of Butterfield fell 45 cents to $16.50. Argus Insurance and BF&M shares both lost 25 cent, closing at $17.00 and $7.25 respectively. Bermuda Bakery and KeyTech shares both rose 25 cents to finish at $19.75 and $29.75. The index closed at 1,421.99, a drop of 60.639 points or 4.26 percent on a volume of 81,717 shares worth $1,452,172.65.