The PX-50 closed unchanged with total turnover of USD226m yesterday. CEZ and KB pulled back from their morning highs and caused the market to close flat at the end of the day. CEZ saw strong selling pressure despite several recent upgrades by foreign brokers. KB again failed to break above CZK 3500 and traded in a CZK 100 intraday range, closing at CZK 3475. For today we expect a similar scenario to yesterday, with a strong opening and a pull back towards the close - despite strong sessions in foreign markets, the Czech market seems to be overbought in the short term and correction of the recent rally is quite likely within the next couple of days.