The Czech market closed in red on the back of general weakness on the emerging markets. Philip Morris did not stop free fall after poor 2Q06 results and further deepened its loose as international accounts keep selling. Komercni banka also declined being offered by foreign players. CEZ admitted profit taking by foreign investors. Zentiva was supported by initial covering from Citi and became winner of the day. Also Orco managed to finish up and broke CZK 2,500 level as company announced updated sales projections which should growth by 30% due to Berlin’s operation.