Stocks erratic amid foul play allegations

The stock market has been experiencing an erratic situation for the last two months following an alleged bid by a group of dishonest traders to make extra profit through manipulation.
Stocks finished lower for a second day in a row as rumours of regulatory interventions left investors on edge yesterday.
Dhaka Stock Exchange's benchmark index dropped about 20 points or 0.74 percent, while the Chittagong Stock Exchange's key index slipped almost 80 points or 1.22 percent.
Analysts pointed to reports of the market regulator and central bank checking for manipulation by banks and other financial institutions.
The market witnessed a record-breaking trend in single-day turnover last Thursday.
Records were broken in single-day turnover for at least four times within a month with highest-ever turnover of Tk 1,149 crore in the Dhaka Stock Exchange (DSE).
The key index also went up by over 400 points since June 1 this year, according to DSE statistics.
However, the market fell by over 100 points on Sunday, the highest single-day fall in four and a half years, and continued to go down yesterday.
Market insiders said a group of unscrupulous traders might be trying to manipulate the market.
Murshid Kuli Khan, deputy governor of Bangladesh Bank told The Daily Star that the central bank is closely observing the situation.
Bangladesh Bank on Sunday sent a monitoring team to three banks to find out whether any irregularity is taking place in the stock market.