Thursday, activity was quite good in the morning on PSE, but liquidity dried up soon and total turnover fell far behind long term averages. After strong opening optimism evaporated and PX Index closed almost flat. CEZ, Komercni banka nad Telefonica (507 CZK, -0,06%) O2 CR were the most active stocks. CEZ was well supported at the CZK 1,270 level. Komercni rallied quickly to CZK 3,900 after opening then profit taking pushed price down by CZK 130. The stock finished just below CZK 3,850 after some buyers woke up before the market close. Telefonica O2 CR seems to have good demand at CZK 505 before reporting its 4Q07 results next week.