The Dhaka Stock Exchange (DSE) witnessed a continued downturn for the third consecutive day, with the benchmark index, DSEX, dropping by 29 points on May 9th, settling at 5,661. Over the course of the last three sessions, the DSEX has collectively lost 66 points, resulting in a significant decline in market capitalization by over Tk6,000 crore, closing at Tk7.07 lakh crore. The prevailing downbeat sentiment persisted on the premier bourse, with investor confidence taking another hit amidst emerging external challenges stemming from tightened money market conditions following recent directives from the central bank. This hindered the market’s attempts to recover from its prolonged slump. And due to sell pressures intensifying, particularly in the latter half of the session, risk-averse investors opted to offload their holdings amidst concerns surrounding the market’s future trajectory. While the President of the DSE Brokers Association of Bangladesh, commented that the market is currently grappling with a liquidity crisis, further exacerbating the prevailing challenges.
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