ADRs of Global Stocks Gain 0.4% as S&P 500 Reaches Record High

By Staff,

Shutterstock photo

ADRs of global stocks gained 0.4% in regular trading Friday as measured by the BNY Mellon Composite ADR Index, compared with a 0.6% gain in the S&P 500. ( WUBA ) jumped 14% after the online marketplace serving local merchants and consumers in China reported late Thursday it swung to a Q4 profit on an 83% surge in revenue and forecast continued strong revenue growth for Q1.

Bona Film Group Ltd. ( BONA ), a Beijing-based film distributor, slumped 7% after reporting a decline in sales. 4Q revenue slumped 20% from a year earlier to $42.8 million.

Companhia Sideriruga Nacional ( SID ) fell 6.3% following an unexpected Q4 loss. The Brazilian steelmaking and mining group posted a net loss of 487.1 million reais after the company paid taxes through the country's back-tax amnesty program. Analysts expected the company to report a profit of 362 million reais, according to Reuters.

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

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

This article appears in: Investing Commodities
Referenced Stocks: WUBA , BONA , SID

More from MT Newswires


MT Newswires

MT Newswires

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by