The market closed slightly up on the back of improved mood on the emerging markets. The overall volume was below YTD daily average again. Philip Morris continues to fall as it lost 19% in the last three days due to poor 1H06 results to the lowest level since 2002. Foreign accounts were on the sell side while domestic players were buying. Zentiva strengthen benefiting from Citigroup upgrade. CEZ traded in the narrow range of CZK 808 level on mixed flow. Telefónica O2 CR increased and followed its regional peers, CZK 475 level seemed to be a resistance. CME gained after announcement that Apex is entering into the company.