Index lost almost 1%, Unipetrol again led losers with more than 8% drop on the day. Large volatility was observed across the market, strong open turned into powerful sell off in mid-day and then consolidation toward the end. Strong sell off with symptoms of capitulation occurred in Unipetrol at the market open yesterday on what were apparent forced stop losses and margin calls from domestic retail investors. Unipetrol touched levels below CZK 110 and neared almost 20% drop on the day. There was substantial volatility in the stock; it has even traded at CZK 130 level after the initial fall. Stock consolidated marginally above CZK 120; however supply from retail accounts is still apparent. Komercni banka had also a volatile day, it rebounded after Fitch upgraded its individual rating and closed flat on the day. CEZ continues to be under pressure and again retail sellers are the main force behind the weakness. For today, we expect consolidation, however, we do not exclude potential further weakness of the market in days to come.