CEZ and Zentiva led the market down. The traded volume was boosted by CEZ and reached almost the long-term average. Both international and domestic investors were active. CEZ dropped despite Merrill Lynch re-initiated company coverage with BUY rating and target price of CZK 1,200 per share. From the top traded names only Komercni banka closed higher the rest followed the negative sentiment. Illiquid names outperformed the market, particularly we saw strong demand in Orco. Philip Morris finished higher after recent BUY recommendation from Patria.