Czech market closes lower by 0,7 %. The volumes picked up in the second half of today´s trading, closing above long time average. Most traded CEZ closed 2 % lower being under selling presure all day long. Telefonica O2 and Zentiva were also pushed lower by foreign accounts. Pegas kept gaining from the last week, adding another 1,5 %. CME was upgraded by Morgan Joseph with target price at USD 114 from USD 110 by. Erste stoped its losing streak from last week, closing a little bit higher at CZK 1623.