Stocks witness recovery for positive stance of BB’s MPS

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Economic Reporter :
Stock markets witnessed recovery on Tuesday after falling five consecutive days since investors found positive stance in new monetary policy statement of the Bangladesh Bank (BB).
While announcing the MPS, BB Governor Fazle Kabir said there is enough liquidity in the market so there is a favourable environment in the capital market.
In the MPS, BB expected that the recent strategic investment by the Chinese Consortium-Shenzhen Stock Exchange and Shanghai Stock Exchange – will improve capacity and accelerate the development of the capital market.
Furthermore, BB remains supportive of the much-needed shift of the non-financial from the banking system and toward the stock and bond markets.

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