gaining 1.94 percent as 50,320 shares valued at $730,938.50, and, bonds worth $36,213.17, changed hands. Advances led decliners six to four.

A total of 15 issues traded during the week, with the biggest gainer, Bank of Bermuda Warrants climbing 13.04 percent, closing $1.50 higher at $13. The worst decliner was BF&M 9% Conv. Cum. Red. Pref., which fell 10 percent, closing the week down one dollar at $9 on a volume of 1,401.

Gainers for the week included Bank of Bermuda up a dollar at $36.50, Bank of Butterfield up $0.125 at $18.125, and BELCO Holdings up $1.50 to $25.50.

The highest volume of shares traded involved Bermuda Aviation Services Ltd., which had 14,738 shares change hands, with an end of week closing price down 25 cents (4.76 percent) at $5.