STI down for 4th day but closes off low

THE Straits Times Index had a volatile session on Thursday when it first dropped 17 points to an intraday low of 2,791 before a late afternoon bout of short-covering helped it finish at 2,805.52, a net loss of only 3.83 points. It was the STI's fourth consecutive loss, during which it has fallen 68 points or 2.4 per cent.

The intraday rebound came when Europe opened marginally in the bl…