The banking sector has closed higher but Woodside has fallen 6.8 per cent to a two-year low. -AAP Image
The local share market has put together a modest bounce, clawing back some of the previous day's sharp losses - although energy stocks continued their decline.
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The benchmark S&P/ASX200 index on Thursday finished up 31.9 points, or 0.4 per cent, to 7,982.4, while the broader All Ordinaries gained 30.7 points, or 0.38 per cent, to 8,187.7.
The Australian dollar was buying 67.24 US cents, from 67.12 US cents at Wednesday's ASX close.
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