The market closed weaker, but there were no panic selling. The total traded volume remained below the long-term averages being focused on CEZ. Unipetrol was the biggest laggard as local players took profits home and also on fall of crude oil prices. CEZ declined despite of ongoing share-buy-back program, the stock found support at the CZK 1,055 level. Komercni banka eased amid sell-off on banks in our region and found bottom at CZK 3,800. Telefonica O2 CR bucks the downtrend closing above the CZK 600 level. Orco reports its 1Q07 results today around 17:30CET. Marker consensus expects profit of EUR 3.1m, while our projection counts with loss EUR 0.8m.