Market slides under weight of large-cap losses

Stocks on Sunday started the week on a negative note as a sharp fall in large-cap stocks dragged the benchmark index lower, amid cautious investor sentiment and growing concerns over prevailing crisis and its impact on corporate earnings.

The DSEX, the broad index of the Dhaka Stock Exchange (DSE), plunged 103.6 points to settle at 5,558 points, compared with 5,662 points in the previous trading session, hitting a two-and-a-half-month low.

The market came under selling pressure from the outset, with investors heavily offloading large-cap shares, which weighed significantly on the overall market.

The selling pressure intensified in the latter half of the session, resulting in broad-based declines across the trading board as investors adopted a risk-averse stance.