The Czech market closed lower in-line with the rest of the Europe. Traded volume picked up in the second half of the session. CEZ and Zentiva were the most active stocks. According to expectations Zentiva’s shareholders approved dividend of CZK 11.5 per share. Telefonica O2 CR lost the most, declined by 1.36% and finished slightly above the CZK 600 level. Erste Bank closed almost 1% higher supported by foreign accounts, despite weak performance of its regional peers. Philip Morris declined on thin volumes.