Market drifts as volume stays poor

THE Straits Times Index on Thursday drifted lower for most of the session before ending at 3,455.78 for a net gain of 2.61. Brokers said the move was in line with expectations since many had expected Wednesday's short-covering bounce to quickly run out of momentum.

Volume remained poor at 1.5 billion units worth S$971million, the unit average of S$0.65 suggesting that house traders, proprietar…