The market was quiet due to the uncertain economic situation. It was not supported by the recent strengthening in oil prices or the strengthening in other world stock markets.

Once again the stock market will be the loser, especially as it already had tax disincentives compared to other countries.

My great concern is that the tax will not benefit anyone because trading activity will decrease and the revenue collected by the government will therefore fall as well, and the trading will go to other markets.

It is going to make the local market inoperative and erect a strong barrier to the entry of foreign capital.

The market got off to a spirited start, but it soon drew to a halt because nobody wants to take any risk. There is caution, indeed, because of the elections.

The tone of the market was already negative, and that was reinforced today by the news from Brazil.