The Czech market continued drifting lower on Friday, following the strong sell-off from Thursday. Traded volume once again reached above-average levels. Komercni banka and CEZ both failed to reverse their recent weakness and drifted lower, with posting intraday losses exceeding 2.50% and 1.50% respectively. Cesky Telecom bounced back above CZK 500 on a local upgrade; we continue to see ongoing positive trading momentum in the stock and expect further growth in sessions to come. Unipetrol was also supported by domestic accounts. As for flows, both domestic retail and institutional have been very active players on the market over last few days.