Week started with red Monday with low volumes. CEZ was the most actively traded as usual and closed weaker by 0.5% below the CZK 1,320 mark. Erste Bank got hit hard after Merrill Lynch downgraded stock to Neutral from Buy and lowered the target price to EUR 56 per share. Both real estate companies Ocro and ECM showed free fall declining about 5% after stop loss orders which came just before the end of the session. Komercni banka and Telefonica O2 CR were the only listing finishing up with small gain of 0.3% and 0.4% respectively, Unipetrol closed today’s trading flat.