Five issues traded, as just one closed higher. Bank of Butterfield rose $0.125 to $16 on a volume of 8,486.

Bank of Bermuda remained at $35.625 after 342 shares changed hands; Bank of Bermuda Warrants remained at $14 after a volume of 4,000; Masters Ltd.

remained at $9 after trading of 217 shares; and, Bermuda Telephone Co.

remained at $34 after 35 shares traded.

The Bermuda Stock Exchange index climbed 49.18 points or 3.28 percent, a structural correction after record slides in recent weeks.