Today, the Czech market opened up but quickly took a nosedive to close at intraday lows. CEZ and banks were active despite lower volumes across the board. All major names ended up in red in-line with global sentiment. Also Philip Morris (5332 CZK, -8,16%) was down as it traded ex-dividend today. Telefónica O2 (404,1 CZK, -0,47%) CR was outperforming, a good defensive play. CZK is still under pressure.