Prague fell 3.18% on Thursday, as a major London market maker initiated a heavy sell-off in Komercni banka. The stock is among the most actively traded stocks of late, and lost 8.62% to close at CZK 750.30. The pressure came despite the unofficial naming yesterday of the five candidates for the state's 60% stake in the bank. We believe that some investors now expect a period with a very limited newsflow, and closed positions. The selloff yesterday was later joined by a number of retail brokers who, we believe, were forced to make stop-loss trades. Komercni yesterday touched an intra-day low of CZK 745.10, trading in a good volume of 261,400 shares. Most other stocks followed suit: Cesky Telecom lost 5.5% to CZK 447.20, and Ceska sporitelna lost 5.2% to CK 219.80. Only CEZ rose, adding 3.65% to CZK 87.2, as the current price level attracts more interest. Again, more than 1.5 mil. CEZ shares changed hands. Total market trading volume reached USD 16.9 mil. on Thursday.