The Czech market outperformed region being well supported by banks, Unipetrol and CEZ. Erste Bank and Komercni banka copied improved global sentiment as Goldman Sachs released better than expected 2Q08 numbers. Telefonica O2 CR was flirting again with the CZK 500 level. Orco 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.