Market closed sharply down on aggresive sell-off in our region. All stocks but CME finished deeply in red. Erste declined most on heavy profit taking in Wien. CEZ dipped to 810 levels where found a nice support, this stock was the most traded. Zentiva fell but still being bought by the large account seen buying on Friday and Monday. P.Morris got hit below 17000 level on rate concern. CME however firmed being supported also by upgrade from Patria. Cesky Telecom closed even below 525 CZK, foreign sellers.
* CME - PATRIA has upgraded target price to 73 USD from 60 USD on back of FY05 figures, which surprised market on the upside.