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STI drops 0.7% but pennies stay firm

Banking stocks provide the main drag on the index; Noble Group and YuuZoo actively traded


AFTER Wednesday's unexpected 38-point jump, the Straits Times Index (STI) on Thursday sank to a 22.37- point or 0.7 per cent loss at 3,226.34, in line with weakness in Hong Kong and the Dow futures. Penny stocks, however, fared better with the broad market managing 200 rises versus 222 falls,...