its value to close at 1,669.63, on the first day of trading after huge recent gains and record highs last week.

No issues advanced, but four declined yesterday including three in the banking sector. Share volume totalled 31,881, valued at $580,873.25.

The Bank of Bermuda fell $1.50, closing at $38 on a volume of 2,155. Bank of Butterfield closed unchanged at $18.50, after some 25,546 shares changed hands.

Bermuda Commercial Bank closed down 25 cents at $5.25 on a volume of 1,000.

Also down was BELCO Holdings Ltd., losing 25 cents and closing at $24.75 on trading of 245.