BW LPG and Avance Gas came under selling pressure today following downgrades from both companies and the LPG sector by DNB Markets.
Avance stock came down by over 10% and BW LPG lost over 8% after both were cut from buy to hold by analysts led by Nicolay Dyvik.
Dyvik and colleagues Jorgen Lian and Mats Bye downgraded the LPG sector to neutral amid major revisions to their VLGC rate expectations.
