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Banks, GLP help STI rebound 15 points

Gains in the three local banks accounted for 12-point rise in STI even as concerns remain over their exposure to O&G sector

US banks rose on Friday and their local counterparts followed in their footsteps on Monday, helping to push the Straits Times Index up 14.97 points to 3,056.91 after it had dropped 26 points last week on Thursday and Friday.

Also contributing to the rise was a S$0.12 or 4.6 per cent rise

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