Indian stocks best performing among Asia in Aug: Citigroup

Indian stocks have emerged as the best performing lot among Asian equities, as it recorded only a marginal loss during the month, while a majority of others in the region posted higher negative return, a Citigroup report says. According to th e report all Asian stocks have suffered losses this month, however, Indian stocks have performed the best among them.
“August is proving to be another very difficult month for equities - 80 per cent of Asian stocks have posted negative returns, with the median stock losing 8.1 per cent. India is performing best with a median return of negative 0.3 per cent.'' China st ocks performed the worst with a median loss of 15.4 per cent.
In India, large cap stocks have given a median return of negative 0.9 per cent in the month till August 25, while the small-cap equities have given a marginal negative return of 0.1 per cent in the period, it said. Companies with a market capitalisation in excess of Rs 1,000 cr are generally known as large cap companies, while those with lower market valuation are termed as small-caps.
In comparison, large cap Chinese stocks suffered the most with negative returns to the tune of 11.6 per cent, while small-cap equities posted losses as high as 16.7 per cent in the month so far