Banking was the hardest hit sector on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday, with Bermuda Commercial Bank Ltd. and Butterfield Bank both seeing their share prices fall.

Bermuda Commercial Bank dropped $1 (8.33 percent) to $11, with 194 shares traded, while Butterfield Bank declined 40 cents (2.51 percent) to $15.50, as 34,647 shares changed hands.

Other traders included Argus Group Holdings Ltd. (10,200 shares), Bermuda Aviation Services Ltd. (4,900) and West Hamilton Holdings Ltd. (25), but their share values remained unchanged.

Overall the Index dropped 80.17 points (1.66 percent) to 4,748.7, with 49,966 shares worth $735,676.10 being transacted.

The BSX Insurance Index also fell 1.091 percent to 1,043.83.