Qiwi Plc (
) led decliners among American depositary receipts of European
companies on Tuesday after pricing a public offering of ADRs.
The Bank of New York Europe ADR Index fell 0.2%, compared with a
0.1% gain for the S&P 500 Stock Index. Europe ADR decliners led
advancers 56 to 45.
Qiwi, a provider of payment services in Russia, fell 2.6% to
$40.55 per ADR after pricing the ADR sale at $40 each. The company
plans to use the proceeds from the sale for general corporate
Statoil Asa (
) led declines among energy producers as
slid below $107 a barrel on subsiding worries about the Iraqi
conflict's effect on supply. The Norwegian company fell 1.8% to
$31.27 per ADR. BP Plc (
), Total Sa (
) and Royal Dutch Shell Plc (RDS-A) all fell less than 1%.
GW Pharmaceuticals Plc (
) rallied 16% to $89.37 per ADR to lead gainers. The company said
its experimental cannabis product Epidiolex showed positive results
in treating epilepsy.
Vodafone Group (VOD) gained 0.7% to $33.11 per ADR after
settling a dispute over interconnection charges with Loop Telecom,
which has more than 3 million users in Mumbai.
Mechel Oao (MTL) rose 3% to $2.37 per ADR after saying it
improved operations by consolidating product shipments at its
Europe ADR gainers included Voxeljet Ag (VJET) +4.6%, Portugal
Telecom (PT) +2.1% and Flamel Technologies Sa (FLML) +2%.
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