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LTTE supremo base hit; boosts Colombo stock exchange

LTTE supremo base hit; boosts Colombo stock exchange
PTI
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First Published: Thu, Jan 24 2008. 12 58 PM IST
Updated: Thu, Jan 24 2008. 12 58 PM IST
Colombo: The news of attack on LTTE supremo V. Prabhakaran’s base in rebel-held Wanni has brought cheers to the Colombo Stock Exchange index.
The Sri Lankan Sir Force jets attacked the LTTE base in Kilinochchi.
Despite a lack of information on the severity of the attack on the ‘x-ray base’ and the fate of the elusive rebel leader, brokers said the news resulted in a positive investor sentiment.
The Colombo bourse rocketed Wednesday and continued with the same trend Thursday. In the early trading sessions today, the indices remained buoyant.
The All Share Price Index surged 64.46 points (2.70%) Wednesday and the Milanka indices gaining 80.42 points (2.62%) on a turnover of Sri Lankan Rs232.2 million, up from Monday’s dismal Sri Lankan Rs 67.3 million.
“There was a major jump once word of the air strike filtered into the market,” Prashan Fernando of DFCC Stockbrokers said.
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First Published: Thu, Jan 24 2008. 12 58 PM IST