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Local update

yesterday, with the common shares of four firms falling in value.The Exchange Index shed its gains of the three previous days to close at a restated 1,014.07. The Index was also restated for Friday, Monday and Tuesday --

yesterday, with the common shares of four firms falling in value.

The Exchange Index shed its gains of the three previous days to close at a restated 1,014.07. The Index was also restated for Friday, Monday and Tuesday -- when it closed at 1,016.70, 1,017.76 and 1,016 respectively.

Shares in Commercial Bank and Belco dropped by 50 cents each to $8.50 and $20.50, respectively, with volumes of 184 and 1,000.

Bermuda Aviation Services stock fell by 25 cents to just $2.50, with a volume of 858, while Telco shares went down by 25 cents to close at $35.25, on volume of 1,200.

The only riser was the Bank of Butterfield, whose shares increased by 25 cents to $25.50.

The following shares traded at unchanged values: Bank of Bermuda, which closed at $46.50, with a volume of 1,199; Belco seven percent notes, $117, 1,200; BF&M nine percent preference stock, $12, 1,000; and Bermuda Press (Holdings), $35.25, 25 cents.

The Exchange Index closed at 1,014.07 -- down by 1.93.