ADRs Little Changed as U.S. Markets Post Meager Gains; Siderurgica Leads Gains

By
A A A

American depositary receipts were little changed in Friday trading as U.S. markets posted meager gains.

The BNY Mellon ADR Composite Index rose less than 1% as the S&P 500 gained 0.09%.

Companhia Siderurgica Nacional ( SID ) led gainers with a 14% jump to $4.16 per ADR after approving a share buyback program. The Brazilian steelmaker reached a 52-week high of $6.29 on December 26.

JA Solar Holdings Co. ( JASO ) rose 8.3% to $11.43 per ADR in premarket trading after analysts at Axiom Securities upgraded the company to Buy from Sell and raised the price target to $16 from $1.70.

ADRs of Chinese retailers and online sellers rose as investors shrugged off a soft report on retail sales this week: China Nepstar Chain Drugstore Ltd. ( NPD ) +9.5%, Acorn International Inc. ( ATV ) +7.4%, 58.com Inc. ( WUBA ) +3.5%.

Dr. Reddy's Laboratories Ltd. (RDY) gained 2% as investors digested reports of its voluntary recall of a heartburn medication. The Indian generic drugmaker on January 3 recalled about 58,565 bottles of lansoprazole because of contamination, the U.S. Food and Drug Administration said in a weekly report.

Kingtone Wirelessinfo Solution Holdings Ltd. (KONE) led decliners with a 15% drop to $6.04 per ADR.

Also down were Chinacache Holdings (CCIH) -8.1%, Airmedia Group (AMCN) -8% and Xueda Education Group (XUE) -5.6%.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: SID , JASO , NPD , ATV , WUBA

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

The Danger of Small ETFs
The Danger of Small ETFs            

Stocks

Referenced

Most Active by Volume

19,317,232
  • $16.275 ▼ 0.34%
16,952,381
  • $74.82 ▼ 1.50%
13,185,474
  • $3.5957 ▲ 1.00%
12,935,872
  • $47.9899 ▼ 0.37%
11,419,982
  • $101.05 ▲ 0.16%
10,849,047
  • $38 ▲ 0.56%
9,499,713
  • $11.10 ▲ 2.78%
8,237,693
  • $29.54 ▲ 1.13%
As of 8/27/2014, 11:14 AM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com