KEY POINTS:
The New Zealand share market slipped lower this morning as about a dozen stocks dropped value.
The benchmark NZX-50 index was down 7.346 points, or 0.272 per cent, to 2688.584 in the first few minutes of trading.
Rakon lost 5.7 per cent, or 8c, to 132, Westpac slipped 25c to $19 and Telstra lost 13c to 425.
NZ Farming Systems Uruguay, which expanded its forecast losses today, shed 5c to 70.
NZ Oil and Gas, which announced yesterday it was buying a strategic stake in Pan Pacific Petroleum, lost 3c to 129
A handful of shares rose, including Air New Zealand rising 2c to 88, AMP Office up 1c to 95, Sky TV 2c to 390 and The Warehouse 1c to 346.
- NZPA