There was not too much excitement on the PSE today as the volumes remained low. The PX Index pared some of its losses before close. Banks were weak in-line with global sentiment, Komercni banka was back below CZK 1,600, (209,5 CZK, -2,87%) was trading around CZK 210 level after a number of target price cuts. CEZ was traded without any major interest ahead of the 4Q08 numbers tomorrow. (385,5 CZK, 2,25%) CR jumped up today after its 3 day losing streak, a good defensive play. (89,98 CZK, -13,41%) continues in its free fall as some of its management left. Rest of the board was rather quiet.