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Article: INDIA'S THE MOST EXPENSIVE BOURSE DESPITE MELTDOWN:CITIGROUP.
- Article from:
- AsiaPulse News
- Article date:
- August 13, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW DELHI, Aug 13 Asia Pulse - India's stock market remains the most expensive in the Asia-Pacific region outside Japan despite a sharp downturn in the past few weeks, international brokerage firm Citigroup said on Friday.
"India continues to be the least attractive market from our perspective, by a significant margin. Although composite momentum has turned positive, India still looks very expensive," Citigroup said in its latest report on Asia Pacific markets.
Singapore is the top ranked market on an aggregate relative basis, and although valuations are stretched, long-term momentum is strong. Citigroup said it believed the market was attractive ...