CEZ was in retreat yesterday, as the stock lost ground when a couple of sizable sellers appeared. Overall, the stock lost 2.43%; it touched as low as CZK 97.70, but then bounced back to the CZK 98.94 closing price. There was no major news, though the market may have reacted to the Senate veto of a draft energy law (see below). The stock has been under selling pressure for quite some time, with some on the market attributing this to a single large investment manager. Cesky Telecom added 3.48% to CZK 544.30, strong right from the open as a couple of brokers covered their positions. Volumes reached USD 14.16 mil. on Thursday; the PX-50 index lost 0.08% to 508.