We experienced increased basket activity on Tuesday. Main PX Index underperformed the region. CEZ and NWR (354 CZK, -11,20%) were hammered as commodity prices retreat. Banks were able to hold their Monday’s gains. Komercni banka closed flat and Erste Bank (1 040 CZK, -0,86%) finished slightly weaker. Telefonica (496 CZK, -1,68%) O2 CR failed to defend the CZK 500 level due to MOC basket selling.