The Czech market closed down in-line with the entire region. All blue-chips declined except Zentiva, which posted strong 4Q06 results. PX Index finished close to day high as international accounts were active. Zentiva was the star of the day after it reported good numbers and acquisition of Turkish generic drug producer. CEZ fell down to the CZK 818 level at noon, but it bounced back and closed at CZK 840. We saw low volatility on Telefónica O2 CR, which reached CZK 540 and closed almost flat.