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STI closes higher despite profit-taking

Gainers pip losers 5-4 on momentum from Friday's news of China's monetary policy easing

Straits Times Index.jpg

THE local market got an early leg-up but squandered nearly half of that gain by the closing bell on Monday, as wary investors decided to take profit after seeing the benchmark index claw its way back up to its highest since mid-August.

The bluechip Straits Times Index (STI) opened 27.51