Thin trading as market awaits Brexit vote

THE local stock market on Thursday underwent one of its most featureless and lacklustre sessions this year, which was not surprising given that investors the world over were waiting for the result of the UK's referendum on whether to stay or exit the European Union in what is known as "Brexit".

In total, the market only managed to muster volume of 753 million units worth S$691 million - way below the S$1 billion threshold that is seen as being the market's long-term average.

Gains for UOB and OCBC helped add 7.72 points to the index at 2,793.85, while the broad market excluding warrants recorded 192 r…