The Czech market slightly lowered in-line with entire CE3 region. The main Prague’s benchmark closed at day low of 1,703 points. CEZ was after strong opening under pressure in the afternoon. Investors took profits home on Komercni banka. Erste Bank and Telefonica O2 CR finished up about 1% supported by demand from international players. Pegas showed free fall loosing more than 4% after a domestic broker initiated the coverage with Sell recommendation and target price of CZK 650 per share. CME declined after lower rating and decrease its US trade line. We saw strong selling activity on ECM towards the end of the session.