Czech market traded on lower volumes, still though volatility increases. CEZ was pushed down to levels around CZK 782 where it found support. Selling was initiated by several stop loss trades from market makers and retail investors. Stock however managed to rebound to levels of CZK 800. We expect further consolidation at this level. CME added further 3% as it closed US arbitrage gap, we can expect further gains today. Komercni banka continues to be well offered below CZK 3.400. Today we are seeing positive earnings report from Hungarian corporates, on the other sentiment continues not to favour market rise (US, Japan and Latam closed deeply in rewd).