The Czech market outperformed region being well supported by banks, and CEZ. and Komercni banka copied improved global sentiment as released better than expected 2Q08 numbers. O2 CR was flirting again with the CZK 500 level. rose until downgrade at Moody’s was released, but managed to close stronger by more than 2% despite this negative news. CEZ was capped at CZK 1,310 as government stepped in at this level late in the afternoon.