The Czech market fell, on the back of general profit taking in CE3 markets. CEZ was the main loser, as it sank 2.9% to CZK 661.6, even though it traded at CZK 685 in the morning. Erste was under selling pressure again (-0.9%) on worries that it may sell additional shares to investors, in order to be able to finance the BCR acquisition. Orco went down by 1.6%, ahead of the publication of consolidated figures for 9M05. CME however gained 0.25% as Patria/KBC has increased its target price to USD 60 from USD 57. Turnover stood still well below average on the other neighbouring markets. We expect the market to stabilise around yesterday's closing prices; and we could see locals on the buy side if the market contracts further.