Banks lower as market drift continues

THE Straits Times Index (STI) on Thursday drifted to a 6.89 point loss at 2,884.69 in low volume of 977 million units worth S$1 billion. Excluding warrants, there were 163 rises versus 222 falls. The 30 STI components contributed S$738 million or 74 per cent of total dollar turnover.

In short, it was a session devoid of redeeming features, pretty much in…