The Czech market closed down by almost 1% despite rally on neighbouring markets. All titles were in red numbers the only Cesky Telecom managed to finish in positive territory. Traded volumes were very low. CME lost the most of the day inspirited by negative sentiment in US markets. Erste Bank sank nearly 2% influenced by selling in Vienna. Zentiva was impacted by Barr’s takeover of Pliva as it will probably increase competition for Zentiva. Cesky Telecom gained, but CZK 465 level seems to be resistant.