FRANKFURT (dpa-AFX Broker) - A downgraded buy recommendation from Kepler Cheuvreux weighed on the Baywa share price on Thursday. At the low, the shares of the agricultural trading group slipped by almost 5 percent just below the round mark of 30 euros. The French investment house downgraded the shares from "buy" to "hold". From a technical perspective, Baywa fell below the 21- and 50-day lines as indicators of the short and medium-term trend.

The downgrading of Verbio by Deutsche Bank also created a gloomy mood in the biofuel producer sector. The bank lowered its recommendation by two notches from "buy" to "sell". Verbio's shares fell by 10 percent at times as a result./bek/mis