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Follow-through momentum props up STI

But indifferent performance by key overseas markets results in index closing well below its intraday high

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The global-recession fears of stock investors may not yet prove self-fulfilling.

THERE was just about sufficient follow-through momentum - possibly mainly through short-covering - from Friday's bounce to enable the Straits Times Index (STI) to rise 5.55 points to 2,582.64 on Monday, but an indifferent performance by key overseas markets meant the index closed well below its