Dhaka, Sept. 27 -- Stocks slipped into the red on Sunday, after remaining flat in the past two trading sessions, as late hours sell-offs wiped off early gains.

The market opened on an upbeat note and the key index rose 38 points within the first 25 minutes of trading riding on the news of interest rate cut on stock investment funds. But, late hours profit booking selling pressure eroded all the initial gains.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 7.16 points or 0.14 per cent to settle at 4,971.

Meanwhile, Walton Hi-Tech Industries shares continued to soar as its price closed at Tk 609.50 on Sunday, soaring 7.50 per cent over the previous session.

The local electronics giant's ...