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STI rebounds after two days of big losses

Banks which were among the worst hit during the Aug 11-12 slide lead STI higher, adding some 20 points to the index

THE Straits Times Index (STI) on Thursday closed at 3,091.78, regaining 30.29 of the 136 points it had lost during the selloff on Tuesday and Wednesday.

The broad market, excluding warrants, recorded 256 rises versus 190 falls, so the index's bounce did not reflect widespread strength,