* FTSE up 0.9 pct, bouncing back off 5-1/2 month lows
* Experian and ARM among top gainers
* FTSE rebound fails to convince many traders
* Several traders looking to "short" FTSE on rebound
By Sudip Kar-Gupta
LONDON, June 25 Britain's benchmark equity index
rebounded on Tuesday from 5-1/2 month lows, with credit data
group Experian leading the gainers, after efforts by
China to reassure markets over its money supply lifted
The blue-chip FTSE 100 index, which had fallen some
12 percent over the last month after racing to a 13-year high in
late May, was up by 0.9 percent, or 55.43 points, at 6,084.53
points in mid-session trade.
Helping the market mood were comments by China's central
bank, which said it would not turn the screws too hard on banks
in its drive to curb easy credit.
Worries over a Chinese economic slowdown and a likely end to
economic stimulus measures from the U.S Federal Reserve, which
had driven an equity rally at the start of 2013, have knocked
world stock markets back down over the last month.
But many traders remained unconvinced by the FTSE's rebound
from Monday's 5-1/2 month lows, opting to take "short" positions
to bet on renewed falls rather than "long" positions to bet on a
more prolonged rally.
"I'm looking to short into strength. I'm not looking to go
long here," said Darren Easton, director of trading at Logic
Experian topped the FTSE 100 leaderboard, rising 3.6 percent
to 1,126 pence to mark a recovery after falling some 16 percent
over the last month from peaks of around 1,290 pence.
"The stock has been one of the steepest decliners and had
been heavily shorted so it would bounce more than others on any
broader market rally," said Matt Basi, head of UK sales trading
at CMC Markets UK.
Chip designer ARM was another top FTSE 100 gainer,
rising 3.5 percent which traders attributed to Investec
upgrading the stock to "buy" from "hold".
(additional reporting by Tricia Wright, editing by Gareth