Selling was generalized across the market, with the most liquid stocks going first.

We saw some profit-taking amid less volume and on the back of healthy gains in the past two weeks.

The market remains very nervous and volatile. While we have the turbulence in the U.S. markets, it's best to stay clear.

Its a great market to build medium- to long-term portfolio.

The risk right now is really high and the markets are nervous and volatile. The most liquid stocks are bound to go first.

A lot of people had bought into or held onto the stock in anticipation of the offer, so now they are getting out. And with the Brazilian market so weak, this further diminishes the market's credibility in the eyes of investors.