Czech equities, as measured by the PX Index, were slightly up by 0.1% for the week to close at 1,565.5. The overall volume of trading on the PSE reached USD 767.7m, 38.8% below its 12M weekly average of USD 1,253.9m. The most actively traded stock CEZ declined, during past week, despite continuing share buy-back by 1.3%. Negatively might by viewed prolonged shutdown of the first unit of nuclear power plan Temelin. Komercni banka gained 3.1% and was also quite active name due interest from international accounts as Merrill Lynch added Komercni to its “most preferred” listings. The star of the week and the best performing stock was CME. Media company jumped by almost 8%. Our analysts upgraded recommendation to Buy from Hold with fundamental price of USD 117 per share. The worst performance showed Unipetrol with loss of 3.3% followed by Telefonica O2 CR (-1.7%) and insurance company VIG (-1.6%). For ongoing week we do not expect any major corporate catalysts. This week there will also be a number of macroeconomic data announcements released including inflation and unemployment.