STI weakens amid lowest volume this year

THE Straits Times Index on Monday drifted to a 5.76-point loss at 2,796.75 in one of the quietest sessions this year, most probably because of Wall Street's closure on Monday for Memorial Day.

Even gains in Hong Kong failed to stir much movement here, resulting in only 834.5 million units worth S$600 million traded, the lowest single-day total of 2016. Of this, S$375 million or 62 per cent came from trading in the 30 index members.

A dealer remarked: "News from overseas markets like Hong Kong is that trading there…