Kelda lost 24.5p to 870.5p after UBS issued a note on the water sector.
Their work focuses on financing, transparency and partnership in the water sector.
Unexpected takeover news in the water sector has also buoyed up the market.
So how can the water sector present its message effectively to policy makers?
Privatization has hit the water sector, which has remained mostly the bastion of public utilities.
For decades, the area has been a center of innovation in the water sector.
Hypothetically, the fund could raise $4bn [£3bn] if it was applied across the entire global bottled water sector.
All that the water sector can do is manage it, for the purposes of storing and allocating it across users.
"It is clear that PPPs in the water sector boost corporate profits at the expense of people.
The water sector needs to bring an understanding of the economic demands to the forefront of the discussion.
Jerome Delli Priscolli, governor representative, World Water Council The water sector sits in between different sectors' demands.
