The market was following Nasdaq, but in a much calmer way than before. Also, trading was pretty thin, the final buyer was absent from the market.
The market has spent the day nervously awaiting the Argentine auction. There had been different opinions, so when it happened and results were in line or better than expected, stocks jumped up.
The market has no turnover, we only followed Nasdaq although well at a distance.
Brazil tends to be driven by the U.S. and people have got their eye on the Nasdaq. There's no strong reason locally for the decline.
A lot of blue chips performed strongly today, which shows that the market wants to go up.
The investor world of the stock widens enormously with an upgrade, so it is now rising on expectations of higher liquidity.
We're seeing a lot of play between the telecom companies. People are shorting some and buying others.
Right now, the problems at the macro level are too big for these changes to make a difference.
The flow in the stock is very big, which is also propping it up.
Telecoms are gaining flow -- they are cheap, have good fundamentals and are liquid.
