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Focus Media sink sector

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decline December 21, 2011 (Chinavestor) Money flows, an indicator of institutional investors' interest, is best used when performance and money flows diverge. This is the case with the Chinese services sector, where money flows dropped sharply in November 18-21 while the index itself hardly budged. As it turns out, it was Focus Media Holdings (NASDAQ:FMCN) that fell hard with HUGE underlying volume in that period. So it wasn't large cap Chinese telecoms or Melco Crown Entertainment (NASDAQ:MPEL) but a smaller player that changed the field.

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