Buyers appeared during the morning - we saw particular interest in Komercni banka as many accounts bought back into the stock on the expectation of lower than expected allocations in the Raiffeisenbank International IPO. CEZ continued to be better offered by both domestic as well as international accounts, but the stock found few buyers below the CZK 420 level. Unipetrol dropped 5.7% on the back of no news prior to the European Commission ruling on the PKN takeover – the market anticipated a positive resolution. Today we expect a similar pattern with further cautious buying into Komercni banka. Cesky Telecom should trade in a narrow range on no major news.