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Banks lower as market drift continues

Wall Street's Thursday closure for Thanksgiving and weakness in HK and China add to the quietness

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 line with the dozens that preceded it this year. Part of the reason for the listlessness was that Wall Street on Thursday is closed for Thanksgiving...

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