Bermuda Stock Exchange slipped in moderate trading.

The bank's stock dropped on volume of 713 shares, while 10,000 units of its 9% subordinated US dollar notes traded unchanged at $107.75.

In the only other trade of the day, Telco shares lost 12.5 cents to close at $39.50 on volume of 1,375 shares.

The Exchange Index closed at 1186.18, down 5.65.

Bermuda Financial Centre Ltd., the group behind the redevelopment of the empty Bermudiana Hotel, was also listed for the first time yesterday. There were no bids for the company's shares.