Butterfield Bank bounced back from its recent decline, rising 14.28 percent (50 cents) to $4 on The Royal Gazette/Bermuda Stock Exchange Index (BSX) yesterday.

The bank, which on Thursday posted a $20.8 million net loss for the first quarter, traded 107,389 shares throughout the day. The utilities sector proved to be the busiest sector, with Watlington Waterworks Ltd. up $2 (16.66 percent) to $14, as 700 shares changed hands, and Belco Holdings Ltd. transacted 700 shares and KeyTech Ltd. 45 shares, but their share prices held firm. Overall the Index increased 91.11 points (4.53 percent) to 2,103.83, with 108,834 shares worth $419,053 traded. The BSX Insurance Index slipped 0.16 percent (0.02 percent) to 799.57.