Czech market clearly underperformed the region today on relatively low volume. PX bounced back in the last 2 hours of trading as US futures gained. CEZ and both banks were among the most active stocks. CEZ dropped close to the 750 level during the day to finish just a notch below CZK 770. Erste Bank (300 CZK, -2,28%) and Komercni banka got hit hard after open rebounding nicely before the close as bargain hunters stepped in. Defensive names as Telefónica O2 (444 CZK, -0,74%) CR, Philip Morris (5 850 CZK, 1,11%) or even Komercni outperformed the main PX index.