issues gained, two declined and four closed unchanged. The big rebound follows two week's of declines.

TeleBermuda International Ltd., trading for the first time on Thursday, closed at $8.50 on volume of 500 shares.

Bank of Bermuda, the largest constituent of the index, gained $1 to close at $18 while the bank's warrants were up five cents to 80 cents. Bank of Butterfield closed up 75 cents at $9.75. BF&M preferred closed at $8.75, up 25 cents. Total value of trading was $846,709.75.

The index closed up 33.53 points, or 3.62 percent, at 960.38.

WEEKLY SUMMARY Biggest gain (%): Bank of Butterfield ( 7.7%) Biggest loss (%): BCL (-10%) Highest volume (shares): Bank of Bermuda (27,281) Lowest volume (shares): BF&M pref. (250)