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Stocks drift lower on Brexit worries

Local market's resilience this week, despite turmoil in European stocks and currencies, is attributed to its "defensive" quality

Published Thu, Jul 7, 2016 · 09:50 PM

"OTHER than Noble's rights and shares, the rest of the market is still on holiday," said a dealer. This is perhaps a slight exaggeration given the spurt of interest in other second liners such as CNMC Goldmine, but a fairly accurate description of a Thursday session in which the Straits Times Index drifted to a 2.5-point loss at 2,862.17 in the wake of overnight, "Brexit"-induced selling Europe-wide.

Over in H…

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