The Czech market closed flat today on relatively low volume. Komercni banka gained albeit CSFB downgrade to "underperform". Erste (368 CZK, 3,73%) became the best performer today after reiteration of 2009 outlook by the CEO of the Czech branch. Most activity was in CEZ and SPTT, international accounts were mainly on the sell side. Locals continued to be active in Erste and NWR (71 CZK, 2,11%).