PX index is in green but activity is low. ( 110,5 CZK, -2,34%) is loosing after worse-than-expected 4Q08 results due to inventory revaluations. Komercni Banka is benefiting from upgrade at Citibank to Buy from Sell and no real impact of news about major corporate . ČEZ is experiencing ongoing international supply. Telefónica O2 continues its slide from yesterday last hour of trading. ( 65,5 CZK, 1,80%) doesn't reflect target price cut at CSFB and reiteration of UNDERPERFORM rating. We can see some activity in ( 246 CZK, -0,40%) with locals on the buy side.