The PX-50 index closed down 0.1%, with the Czech market closing in the red following neighboring markets toward the close of the day. CEZ was in the spotlight of most accounts as Citigroup initiated coverage with a Buy recommendation and a price target of CZK 834; the stock gained for the fifth day in a row. Komercni failed to hold the CZK 3500 level and closed substantially lower. CME finished its trading lower on US arb gap. For today, we expect sideways trading with negative sentiment as some investors have closed their book ahead of Christmas.