Stocks dip on news of second attack on military

Update

Colombo stocks dipped sharply as suspected Tamil Tigers carried out a second land mine attack on a Sri Lankan Army tractor killing six soldiers. Update

Colombo stocks dipped sharply as suspected Tamil Tigers carried out a second land mine attack on a Sri Lankan Army tractor killing six soldiers. The attack is believed to have occurred around 10 am on the Jaffna-Point Pedro road.



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Gunfire has also been reported in the area.

By 11.30 am, the Colombo All Share Index had fallen more than 3.

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5 percent or eighty points while the Milanka index of the more liquid stocks lost more than 100 points.
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Property stocks took a heavy beating, with Browns falling Rs 60 rupees to Rs 490 mn, AEC 44.

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75 to 275 and Carsons fell Rs 480 to 2500.
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Six soldiers were killed in the first land mine attack on Sunday.

Security Fears

Colombo stocks took a sharp dip on the news that a second attack on the Sri Lanka Army in Jaffna.

The all share which was moving down slowly after trading started dipped over 1 percent after 11 am when news of the latest attack started filtering to the market that six soldiers had died in the latest

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