Monday saw some relief from the selling pressure experienced during the latter half of last week, largely led by a late night rally in the US on Friday. The near datedAlsi future closed at 23 430, posting a gain of 272 points for the day. The Resource 20 Index gained 1.62%, the Industrial 25 Index gained 0.79% while the Financial 15 Index gained 0.27%. Zar was marginally stronger against the US Dollar, trading at 7.7375 at the close of trade in Johannesburg.

Wall street ended the session loweron Monday as concerns mount around contagion from deteriorating European government finances. The near dated Dow Jones future ended down 46 points at 9895, with the cash closing below the 10000 support level for the first time in 3 months. Commodities managed to hold onto some of the gains achieved earlier in the session with Brent for March delivery closing at $69.91, up 32 points and Gold for April delivery ending at $1064, up $11.2.
On currency markets EUR and GBP ended the day relatively flat at 1.3659, down 14 points and 1.5597, down 12 points respectively. .