Sat, Feb 16, 2013 at 13:24
Benchmark indices may have been drifting lower over the last couple of weeks, but the slide in second line shares has been much sharper. Brokers attribute the sell-off to a combination of fundamental and technical factors. In some case, the stocks have crashed to unwinding of positions by operators facing margin calls. But in most cases, third quarter earnings have been disappointing, prompting investors to book profits for the time being.
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