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STOCKS

Penny stocks carry the load as blue chips falter

ST Index lost 4.9 points despite Hang Seng Index's surge; 17 of the 20 most active stocks were below S$0.50

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HONG KONG's Hang Seng Index may have enjoyed a massive "catch-up'' rally on Wednesday to the tune of almost 4 per cent but there was no effect here, with the Straits Times Index (STI) sliding 4.94 points to 3,460.68. With blue chips languishing, it was left to penny stocks to keep interest alive