The Czech market closed slightly in red dragged down by CEZ however other blue-chips gained. CEZ dropped 3% testing the CZK 900 level at the close as energy prices fell further. ING cut its recommendation for CEZ to Hold from Buy. Komercni banka added the most of the day due to international buyers and jumped to CZK 3,250 where found a resistance. Telefonica O2 CR failed to break CZK 480, it was strongly bid around the CZK 473-4 level. CME soared copying the US line performance.
The traded volume picked up and was concentrated mainly in CEZ as it has been approaching the CZK 900 level.