The Royal Gazette/Bermuda Stock Exchange Index closed down 11.668 points or .49 percent, this week to finish at 2,372.44. A total of 94,894 shares - worth $3.2 million - traded during the week.

Argus Insurance saw the highest volume of trading this week, - 5,100 shares - with the stock price rising 50 cents to $21.50. BF&M preferred shares rose 25 cents, to $12.25, while 3,120 shares changed hands.The Bank of Bermuda saw 42,039 shares move during the week, and a 50 cent gain, with shares closing at $43.50. Bank of N.T. Butterfield shares fell 4.58 percent to close at $28.10.