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Market wards off fifth straight loss

STI inches up on firm Europe opening, with the rebound seen as due more to short-covering than genuine buying


THE Straits Times Index drifted within a narrow band, spending most of Wednesday in the red and headed for a fifth consecutive fall before a firm opening in Europe helped it rebound to a net gain of 5.92 points at 2,774.25. Turnover, however, was a weak 1.08 billion units worth S$772 million and