The Czech market declined after UBS cut the entire CE3 region to “zero-weight”. Orco outperformed its Polish peers GTC and showed the best performance of the day. The stock jumped by almost 3%, due to international demand in Paris. Komercni banka prolonged the rally to third day in row and stil benefiting from upgrade from JP Morgan. Zentiva fell below CZK 1,285, but recovered and closed at CZK 1,294. The stock was supported by good performance of Hungarian Richter after it announced its FY06 results. CEZ did not manage to hold the CZK 950 level. The total traded volume was above the average.