The Czech market absorbed red session with the volume above the averages. The main PX Index was down for the entire day as stop-loss orders step up to the market in the afternoon. Real estate stocks got hit the hardest. ECM was the diver of the day breaking easily its issue price level of CZK 1,318 and finished day with the almost 10% loss at CZK 100 lower. There was similar trading in Orco copying trading in Paris, but some buyers appeared at CZK 2,300. CEZ was the only stock holding its ground on the back of ongoing share buy back program. Both banks Erste and Komercni were not able to fight against the global sentiment and closed down by 3.8% and 2.5% respectively.