A total of 29,950 shares worth $69,162.50 traded on The Royal Gazette/BSX Index.

Bank of Butterfield was down nine cents (4.9 per cent) at $1.75 after 29,950 shares moved.

Telecoms firm KeyTech was up 10 cents (3.4 per cent) after 10,000 shares changed hands.

KeyTech will hold a special meeting for shareholders on Tuesday, October 20 to vote on a deal with US firm Atlantic Tele-Network (ATN) which would see ATN take a majority share in the Bermuda company.

ATN would give KeyTech its existing shareholding in wireless services provider CellOne and $42 million in cash, and would take a majority 51 per cent share of KeyTech.

The transaction would mean KeyTech combining with wireless services firm CellOne, joining its network with Logic’s CableVision brand for broadband, internet, phone and video services.

Shares of Bermuda Press (Holdings), the parent of The Royal Gazette, were unchanged at $6.50 after 800 shares sold.

The BSX Insurance Index was 8.88 points (0.54 per cent) down at 1,621.16.