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ST Index rebounds but early gains pared

Investor confidence wanes in the afternoon after European markets open weaker, despite Wall Street's Friday bounce

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THERE were no surprises in Monday's session as the Straits Times Index (STI) first bounced up about 23 points thanks to short-covering in response to Wall Street's Friday rise, but then failed to add to that gain, eventually ending with only a net addition of 13.32 points at 3,181.05 - PHOTO: SPH

THERE were no surprises in Monday's session as the Straits Times Index (STI) first bounced up about 23 points thanks to short-covering in response to Wall Street's Friday rise, but then failed to add to that gain, eventually ending with only a net addition of 13.32 points at 3,181.05.

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