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Local Update

Exchange, gaining a dollar, after trading on a volume of 1,645 shares.The Bank of Bermuda's stock closed at $20, after trading unchanged on a volume of 20,676.

Exchange, gaining a dollar, after trading on a volume of 1,645 shares.

The Bank of Bermuda's stock closed at $20, after trading unchanged on a volume of 20,676.

The only other mover on Monday was Belco, which closed at $19, gaining 12.5 cents, on a volume of 244.

The Exchange Index closed at 1,102.19 -- up 10.63 points.