The Royal Gazette Bermuda Stock Exchange Index slipped 1.57 percent last week, as banking, insurance and utilities stocks all fell.

Butterfield Bank saw the heaviest trading, with 72,770 of its shares changing hands. In the week that the Bank announced increased first-quarter profits of $36.3 million, its stock fell 20 cents to close the week on $17.10.

Bermuda Commercial Bank climbed 50 cents to $12.50 after 400 shares traded.

In the insurance sector, BF&M dipped $1.20 to $21.15, as 4,259 of its shares changed hands, and Argus remained unchanged on $16 with 6,000 shares trading.

Belco Holdings Ltd. fell $1.85 to end Friday on $20.15, as 3,810 of its shares changed hands during the five days, while KeyTech Ltd.'s share price remained unchanged on $13.45, as 4,341 shares traded.

The BSX Index closed the week down 79.43 points, on 5,030.20.

Meanwhile the Bermuda Insurance Index had a positive week, climbing 4.48 points (0.4 percent) to end Friday on 1,086.99.