The Royal Gazette / Bermuda Stock Exchange Index plunged two percent yesterday as Butterfield Bank tumbled 3.4 percent.

The bank dipped five cents to $1.40 on the trading of 1,700 shares.

The only other domestic-board issuer to trade was KeyTech Ltd, owner of BTC, which gained one cent, or 0.2 percent, to close on $5.31 as 400 shares changed hands.

The Index fell 23.48 points, or 2.01 percent, to end the trading day on 1,146.33. Volume was 2,100 shares and turnover totalled $4,504.

The BSX Insurance Index rose 2.64 points, or 0.18 percent, to close on 1,467.17.