"Five more bodies were retrieved today as they were found afloat from Hymechar," an area which is located miles downstream off the accident site at central Munshiganj, magistrate Abul Kalam told reporters.
About 110 people have been rescued, while 127 still remain untraced as rescuers, fearing people were trapped inside the sunken Pinak-6 or washed away by the strong currents of the Padma, raced against time to locate survivors.
Over 100 passengers, however, were rescued alive by vessels and speedboats within hours of the accident.
Authorities mobilised two salvage vessels to retrieve the ferry while navy and coastguard divers joined the fire brigade rescuers but officials said the strong current and the bad weather made it difficult for them to locate it under water.
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An official of the Bangladesh Water Transport Authority, however, admitted that their sonar system appeared a little ineffective in tracking down the ferry as the underwater heavy current might have pushed the vessel elsewhere from the site where it sank.
Experts said even if the vessel could be located it would not be an easy job to retrieve the estimated 100-tonne ferry from under nearly 90 feet depth. They said divers would have to go down and tie up the sunken vessel and have it pulled up.
The accident occurred nearly three months after a boat capsized in the same area killing 50 people.
Ferry accidents are common in riverine Bangladesh criss- crossed by some 230 river especially in the southern and northeastern regions with faulty design of boats and poor safety standards generally blamed for the disasters.