The volume picked up in the last trading hour with sell off in CEZ and Telefonica O2 CR, but the volume traded did not reached the long term averages. The Czech market was traded in-line with the rest of the Europe. CEZ was under selling pressure all day and closed weaker by 2.7% at CZK 1,111. Telefonica O2 CR got hit by foreign selling mood and was traded below the CZK 600 level. Komercni banka experienced selling in the second half of trading. Pegas Nonwovens dipped by almost 2% because of bookbuilding of 3.1m shares of Pamplona’s stake (33.5%). Philip Morris on profit taking fell on no news by more than 3%.