The volatile Czech market was losing ground in the morning, but bounced back in the last 3 hours of trading. was the worst performing stock copying Vienna trading. KBW cut its recommendation for Erste to “market perform” form “outperform” and lowered the target price to EUR 54 from EUR 70 per share, Komercni banka and real estate companies were also under pressure. Just two of Prague’s Blue Chips strengthened. CEZ was well supported and tried to reach the CZK 1,400 level with active international accounts. We could see similar pattern on O2 CR which broke CZK 560 resistance mark just before market close.