Czech market closed in red dragged down by CEZ and Erste. It has underperformed neighbouring markets by more than 1.5% today. CEZ was sold-off by international accounts and found support at 825 CZK. It closed above 830 CZK, when foreign buyers stepped in toward the close finally, the stock had 1/2 of the total turnover. Tabak fell dramatically on no news, there were foreign sellers. Erste declined amid profit taking however KB did well being supported by locals closing a touch below 3500 CZK. Orco shined today again set up a new all-time high at 2965 CZK. TABAK - shareholders approved dividend payout of 1112 CZK/share on AGM today - expected.