Govt. must be cautious about share plunge
The share market of the country experienced extreme fall and rise in price index in the last week. It marked the lowest fall and the highest rise in price index in two consecutive days in the history of our market. Finance Minister, Bangladesh Bank Governor, and SEC all made frantic efforts to rein it. However, all went astray. Investors, market analysts, all viewed the fluctuation as abnormal and traced some mischievous elements in it by some big syndicates. It is widely alleged that an alliance of 11 masterminds comprising both the government and opposition leaders and their associates realised around Tk. 43,000 crore from the market this week.
Earlier, a large group of industries realised Tk. 66,000 crore from the market last month. The realisation of this huge amount of money results in sharp fall in index. Also, the investment of this huge amount of black/white money in the stock market led to the rise in share price index. It allured a large number of micro investors towards the market. Large syndicates jointly sell the shares which are bought by the millions of small investors. Consequently, the absence of the stalwart investors leads to such slump.
The government must take adequate measures to stop such manoeuvres by the large syndicates to save the small investors from such doom. In addition, the source of such huge amount of money must be disclosed.
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