UPDATED-Colombo stocks rebound

Business

Colombo shares on Monday started the week on a positive note with improved turnover and retailers rallying on a wide range of stocks, stockbrokers said.

The index heavy ASPI was up by 146 points to close at 13,009. S&P SL20 reached 4395 at close and was up by 15 points on a near Rs.7 billion turnover. Last week's overheated market is quietly finding its rhythm, analysts said.

Both retailers and high networth individuals were rallying around shares like Asian Alliance Insurance Company shares which were up by 25 per cent to close at Rs. 223. Softlogic Capital (up by 48 per cent to close at Rs. 20.90) and Softlogic Holdings (up by 25 percent to close at Rs. 43.80) were also today's favourites.

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