The Czech market closed down in-line with the region. The volume traded was below the long-term averages. CEZ, Komercni banka and Zentiva were the most actively traded stocks. CEZ was traded up the whole day, but intentional sellers pulled the stock into red territory before market close. Komercni got hit in the last 20 minutes of the session and finished below the CZK 3,770 level. Telefonica O2 CR became the best performing listing supported by upgraded recommendation to Buy and target price of CZK 670 from some broker. Unipetrol fell following news the price of 16,11% stake in Ceska rafinerska paid by Eni is lower than EUR 500m. Zentiva benefited form raised target price form Erste to CZK 1,760.