MONDAY'S session for the local stock market was marked by wave of short covering in Straits Times Index stocks ahead of an expected rebound on Wall Street. However, even though the Straits Times Index recorded a seemingly impressive 13.27 points rise to 3,376.04, the buying did not extend to the broader market - at 5pm, there were 155 rises versus 284 falls in total.Also worth bearing in mind was that the STI fell every day last week, dropping 55 points along the way and dipping into the red for the year to date. Monday's bounce meant it is now up 12 points for 2015.
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